The dollar weakened against its main rivals Monday as investors looked ahead to Friday’s report, which some investors believe could determine whether the Federal Reserve raises interest rates this year.The ICE U.S. Dollar Index DXY, +0.00% a measure of the dollar’s strength against a basket of six rivals, was flat at to 96.9300.
After a measure of manufacturing-sector activity was released on Monday, the dollar trimmed some of its early losses against the yen. It USDJPY, -0.02% traded at ¥120.79 late Monday in New York, up 0.2% from ¥120.62 late Friday in New York. The euro EURUSD, -0.0091% traded at $1.1009 Monday, little-changed from its late Friday level.
The data caused commodity-linked currencies like the New Zealand dollar NZDUSD, +0.3558% to weaken. Yuan USDCNY, +0.0063% trading at China’s onshore rate finished the Asia trading day at 6.33 to the dollar, down 0.3% from 6.32.
The lira USDTRY, -0.1062% traded at 2.82 lira to the dollar late Monday, up more than 3% from 2.92 late Friday in New York.
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