(Reuters) - The dollar weakened against most major currencies on Monday, tracking a slide in U.S. bond yields, while the yen fell to near 4-1/2 year lows on fading expectations of higher Japanese interest rates.
The greenback extended losses after data on Friday showed underlying consumer price gains were smaller than expected last month. This sparked a bond market rally that pulled U.S. yields down from a five-year peak hit last week and pushed the euro above $1.34 for the first time since early June.
Read more at Reuters Africa
The greenback extended losses after data on Friday showed underlying consumer price gains were smaller than expected last month. This sparked a bond market rally that pulled U.S. yields down from a five-year peak hit last week and pushed the euro above $1.34 for the first time since early June.
Read more at Reuters Africa
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