US dollar snaps 5-day rising streak

London

THE dollar edged lower against a basket of currencies on Monday, snapping a five-day rising streak as investors took profits before a US central bank meeting this week, and the Swedish crown fell on pension-related outflows.

The Fed is widely expected to raise interest rates at its two-day policy meeting that will end on Wednesday, and is seen possibly tightening two or three times in 2018. But still-sluggish inflation and wage growth has clouded next year's policy outlook.