Dollar falls ahead of US interest rate decision

London

THE dollar dipped on Monday on the run-in to Wednesday's decision on US interest rates, while Britain's pound was back under pressure after a two-cent fall following elections which threw Europe's second-largest economy into political chaos.

There was some support for the euro from French and Italian elections but the week was set to be dominated by central bank meetings and UK Prime Minister Theresa May's efforts to form a workable administration after losing her majority.