Dollar Down, Signs of Slowdown in Chinese Economic Recovery


Source: upnewsinfo.com upnewsinfo.com

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© Reuters. By Gina Lee Investing.com – The dollar inched down, but traded near a two-month high against the yen, on Monday morning in Asia. Investors digested and strong inflation data from the U.S., while also expecting the U.S. Federal Reserve to start tapering its asset purchases eventually. The that tracks the greenback against a basket of other currencies inched down 0.01% to 89.987 by 13:15 AM ET (5:!5 AM GMT). The pair inched down 0.10% to 6.3612. The decreased after Sheng Songcheng, former director of People’s Bank of China statistics department, said on Sunday the rise of yuan will...