US$ keeps near 1-week lows before central bank speeches

London

FINANCIAL investors' lack of faith in another rise in US interest rates this year kept the US dollar near one-week lows on Monday at the start of a week packed with speeches from Federal Reserve and other senior central bank officials.

A third day running of higher oil prices had investors buying a number of major currencies including the US dollar against the yen in morning trade in Europe in the hope that crude will hold inflation down less.

Sterling recovered more ground as Prime Minister Theresa May sealed the support she needs to win a vote this week on her minority government's programme, helped by a shift by some at the…