Dollar declines as investors gauge economic data, earnings

London

THE US dollar edged lower on Monday as investors looked to upcoming global economic data and US corporate earnings to gauge whether guarded optimism on the economic outlook is justified.

The dollar ended its third week of losses on Friday as investors bought into risk-sensitive currencies on bets that the worst of the pandemic's sweeping impact was over. The index that measures it against a basket of major currencies had slipped 0.2 per cent by midday in London to 96.481.