The
dollar traded higher against most major currencies on Monday, as investors
snapped up safe-haven USD positions to brace for U.S. unemployment data due out
later this week as well as the Bank of Japan's latest decision on interest
rates.
The
USD was up against the GBP, CAD, NZD, AUD, JPY and CHF in Asian
session.
Fears Greece may run into hurdles securing its
next tranche of bailout money sparked the risk-off session as well.
Japan,
meanwhile, is to release data on unemployment, household spending and industrial
production this week, though investors were keeping a close eye on the Bank of
Japan, which will announce its latest decision with interest rates and monetary
policy on Tuesday.
Later
Monday, the
U.S. government plans to issue data on personal income and spending for
September on Monday even though the government has shut down to brace for
Hurricane Sandy. The Federal Reserve, however, will postpone its regularly
scheduled data. The Commerce Department will post the monthly report on consumer
spending on its web site at 1230 GMT, as regularly scheduled. In contrast, the
Fed said it would wait until the federal government reopens to release its data,
including a weekly report on selected interest rates and figures on commercial
paper issuance.
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