Dollar falls as Evergrande fears grow

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The U.S. dollar continues to weaken today but is still near the highest level for weeks. The debt problems of the Evergrande Group (HK: 3333) had increased even more today.

The DXY index fell 0.04% against other currencies to 94.052.

The yen rose 0.01% to 111.06 yen per dollar.

The Australian dollar rose 0.02% to 0.7258.

The New Zealand dollar fell 0.13% to 0.6934.

The yuan held steady against the dollar at 6.4467. The Chinese market is closed for a long holiday.

The pound fell 0.07% to 1.3536.

The baht depreciated at 33.63 baht per dollar, after trading in the range of 33.32-33.97 baht per dollar.

In Hong Kong, China Evergrande Group shares were suspended from trading early today, with no reason given for the suspension. This has renewed concerns about the global fallout over the heavily indebted property giant.

The Reserve Bank of Australia, the Reserve Bank of New Zealand, and the Reserve Bank of India will announce their monetary policy decisions on Tuesday, Wednesday, and Friday, respectively.

In addition, the latest employment report and U.S. nonfarm payrolls figures will be released on Friday. The trend of the data may influence the Fed’s further monetary policy.

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