The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China's somewhat disappointing weekend stimulus announcements the focus of market attention.
The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China's somewhat disappointing weekend stimulus announcements the focus of market attention.
The euro was down 0.13% at $1.0922 and the pound nearly 0.2% lower at $1.3043. The dollar was flat on the Japanese yen at 149.20.
The dollar index was at 103.10, up a touch and closing in on last week's peak, its highest since mid-August, on the back of traders reducing bets on further jumbo rate cuts by the Federal Reserve at its remaining meetings this year.
Ahead of the onshore market opening, the yuan was down more than 0.2% against the dollar, while the Aussie , whose fortunes are closely tied to China, was down 0.16% at $0.67385.
China said on Saturday it will "significantly increase" government debt issuance to offer subsidies to people with low incomes, support the property market and replenish state banks' capital as it pushes to revive sputtering economic growth.
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