💨 Abstract

The dollar remained close to a two-year high on Monday, as traders awaited U.S. economic data and Fed comments for insights on interest rates. The Chinese yuan weakened past 7.3 per dollar after the People's Bank of China stopped defending the 7.30 level. The Aussie and Kiwi, used as proxies for the yuan, were hardly affected.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖