The dollar held near a one-week low versus major peers on Monday as slumping U.S. consumer confidence hurt bets for an early Federal Reserve tightening while disappointing Chinese economic data weakened the yuan and the Australian currency.
The dollar index , which measures the greenback against six rivals, was little changed at 92.561, having fallen 0.50% at the end of last week.
It dipped as far as 109.335 yen for the first time since Aug. 4 on Monday, before trading 0.16% weaker at 109.42, as benchmark 10-year Treasury yields slid in the Asian session.
Against the euro , the dollar was mostly flat at $1.1789, close to the one-week low of $1.18045 reached Friday.
U.S. retail sales data due Tuesday will be closely watched for further clues on consumer behaviour.
Traders continue to look toward the Fed's central banking conference in Jackson Hole, Wyoming, toward the end of this month, for clues to its next move.
Ahead of that, Fed Chair Jerome Powell holds a virtual town hall with educators and students on Tuesday. On Wednesday, the Fed releases minutes of its July policy meeting.
In Asia, the Australian dollar fell 0.54% to $0.7336 after economic data from its biggest trading partner, China, disappointed, and as COVID-19 lockdowns were tightened at home.
· Yuan sheds gains after disappointing economic data
China's yuan briefly touched a 10-day high against the dollar on Monday but pared all its gains as fresh signs of a slowdown in the world's second-largest economy hit market sentiment.
Official data showed China's factory output and retail sales
growth both slowed in July as export growth cooled and new COVID-19 outbreaks disrupted business.
Prior to the market opening, the People's Bank of China
(PBOC) set the midpoint rate at a 10-day high of 6.4717 per dollar, 82 pips or 0.13% firmer than the previous fix of 6.4799.
· Malaysian ringgit falls to one-year low as PM resignation looms
The Malaysian ringgit fell to a one-year low on Monday and stocks in Kuala Lumpur slipped as an expectation that the Prime Minister will resign turned investors cautious.
Malaysian Prime Minister Muhyiddin Yassin is expected to step down on Monday, media reports say, after losing his majority in parliament.
Thai
Eng