Dollar creeps up in subdued start to new year

The dollar edged up on Monday, pulling away from recent six-month lows against a basket of major currencies, Reuters reported.
The U.S. currency has weakened as markets bet a Federal Reserve tightening cycle may be nearing an end.
Sentiment remained fragile and the first trading day of the year was subdued, with many countries, including big trading centres such as Britain and Japan, closed for a holiday.
The dollar index, which measures the value of the greenback against a basket of major currencies, rose by around 0.14% to 103.63 – off roughly six-month lows hit last week at around 103.38.
The euro slipped by about a third of a percent to $1.0683, but was not far from its highest levels since June. Sterling was down 0.35% at $1.2051.
Against the yen, the dollar fell 0.25% to 130.76, having hit its lowest levels since August last month.