The dollar recovers after early upside down, but remains mostly subjected

Washington (DPA-AFX)-after going through the minimum of two months during the Asian session, the US dollar recovered some lost land on Monday, but had problems significantly higher, since investors remained cautious in the middle of the Concerns about growth after last week’s data showed a contraction in the Nation’s services sector.

Investors now look towards some crucial economic data, including reports on personal consumption expenses, growth of the GDP growth of the first quarter and speeches from a series of federal reserve officials.

The dollar index, which fell to 106.13 in the Asian session, rose to 106.75 later in the session, and increased marginally to 106.70 recently.

Against the euro, the dollar decreased marginally in 1,0466, and against Pound Sterling, it was required a bit to 1,2623.

The dollar was strengthened in front of the Japanese currency, obtaining 149.76 yen per unit, compared to 149.28 yen on Friday. Against the Australian, the dollar referred to 0.6346 of 0.6358.

The Swiss Francia rose slightly against the dollar with 0.8973, while the Loonie weakened against the back Green, losing almost 0.3% to 1,4266 per unit of the US currency.

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