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Dollar Near Two-Month High as Investors Look to More Data, U.S. Political Developments

FILE PHOTO: U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic

TOKYO (Reuters) – The dollar hovered near a two-month peak against at a basket of currencies on Monday as investors look to a barrage of upcoming economic data and political developments in the United States before making any fresh bets on the U.S. currency.

While a rebound in U.S. stocks on Friday has helped to curb the ascent of the dollar, deemed as a safe-haven, signs of slowdown in the nascent economic recovery and political uncertainties have kept investors on guard.

The dollar index stood at 95.544 <=USD>. Last week it hit a two-month high of 94.745 last week and posted its biggest weekly rise since early April. Read more…..

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