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U.S. Dollar Dips; Yuan Slightly Lower

Investing.com - The U.S. dollar edged down on Monday in Asia as a recovery in risk appetite weighed on the greenback and bolstered demand for riskier assets.

The U.S. Dollar Index that tracks the greenback against a basket of other currencies was down 0.1% to 96.477.

On Friday, China released stronger-than-expected trade and credit data that showed exports rebounded last month, easing concerns of a global economic growth slowdown.

Data on fixed asset investment, industrial production and first quarter growth are set to be released on Wednesday.

The Chinese yuan was trading slightly lower against the U.S. dollar.

The AUD/USD pair traded near flat at 0.7172. The Reserve Bank of Australia is due to publish the minutes of its latest policy meeting on Tuesday and employment figures are due later in the week.

The GBP/USD pair inched up 0.1% to 1.3095. The EU granted a delay to Brexit until October 31 to allow more time for U.K. Prime Minister Theresa May to come up with a deal that lawmakers are willing to support.

The USD/JPY pair slipped 0.1% to 111.92.

This is a holiday-shortened week, with most major financial markets closed on Friday for the start of the Easter holidays.


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