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.