Dollar slips from 2-week high; focus on BOJ and Fed meetings

September 19, 2016 1:47 PM

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Dollar slips from 2-week high; focus on BOJ and Fed meetings

The dollar edged lower on Monday, paring some of the gains made in the wake of strong US inflation data that bolstered bets the Federal Reserve will raise interest rates this year.

The dollar index, which measures the greenback’s value against a basket of six major currencies, fell 0.2 per cent to 95.888. On Friday, it had touched 96.108, its strongest level since September 1.

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