The dollar was slightly weaker against some commodity-linked currencies on Monday as investors speculated the Federal Reserve could take new measures to boost the US economy. The Fed will host its annual retreat in Wyoming this week, and recent market turmoil and signs of weaker US growth have boosted expectations Fed Chairman Ben Bernanke may hint at more emergency stimulus for the economy.
The Australian dollar, was last up 0.2 percent at $1.0424 but off a $1.0472 peak. The New Zealand dollar rose 1.1 percent to $0.8250, but the greenback erased earlier losses to trade flat at 0.9889 Canadian dollars. The euro also surrendered earlier gains to trade down 0.2 percent at $1.4380. The euro traded 0.2 percent higher on the day against the Swiss franc at 1.1370 francs. Its one-month forward interest rate adjustment was around -27.00, falling towards roughly -30.40 hit last week. The dollar rose slightly against the yen but remained near its all-time low, last trading at 76.77 yen. The dollar was down 0.3 percent at 5.4498 crowns.