Dollar erases early gains, extends 2-week losing streak

London

THE dollar slipped on Monday, erasing its earlier gains, as investors searched for fresh clues to extend a multi-month rally in the greenback before a widely expected interest rate hike by the US central bank this week.

With market forecasts for further interest rate hikes by the US Federal Reserve in line with policymakers' thinking at roughly three more rate hikes after a quarter-point increase this week, analysts said only unexpectedly strong data would change those bets.