U.S. dollar weakened slightly on Monday amid lingering worries about a global slowdown.
Global growth is expected to remain at about 3 percent in 2019 and 2020, after an expansion of 3.1 percent in 2018, said a latest report released by the United Nations.
"A worrisome combination of development challenges could further undermine growth," according to the United Nations World Economic Situation and Prospects 2019, which was launched Monday at the UN headquarters in New York.
The dollar index, which measures the greenback against six major peers, was down 0.01 percent at 96.3298 in late trading.
In late New York trading, the euro was unchanged at close to 1.1369 dollars from 1.1369 dollars in the previous session, and the British pound rose to 1.2888 dollars from 1.2871 dollars in the previous session. The Australian dollar fell to 0.7158 dollar from 0.7167 dollar.
The U.S. dollar bought 109.64 Japanese yen, lower than 109.78 Japanese yen of the previous session. The U.S. dollar increased to 0.9976 Swiss franc from 0.9952 Swiss franc, and it was up to 1.3293 Canadian dollars from 1.3269 Canadian dollars.
The U.S. dollar is currently benefitting from its role as safe currency haven, but its weakness in 2019 was a consensus view among currency market traders, since investors bet that the U.S. central bank would stop raising interest rates and the economy would slow after a fiscal boost last year, noted experts.
Global growth is expected to remain at about 3 percent in 2019 and 2020, after an expansion of 3.1 percent in 2018, said a latest report released by the United Nations.
"A worrisome combination of development challenges could further undermine growth," according to the United Nations World Economic Situation and Prospects 2019, which was launched Monday at the UN headquarters in New York.
The dollar index, which measures the greenback against six major peers, was down 0.01 percent at 96.3298 in late trading.
In late New York trading, the euro was unchanged at close to 1.1369 dollars from 1.1369 dollars in the previous session, and the British pound rose to 1.2888 dollars from 1.2871 dollars in the previous session. The Australian dollar fell to 0.7158 dollar from 0.7167 dollar.
The U.S. dollar bought 109.64 Japanese yen, lower than 109.78 Japanese yen of the previous session. The U.S. dollar increased to 0.9976 Swiss franc from 0.9952 Swiss franc, and it was up to 1.3293 Canadian dollars from 1.3269 Canadian dollars.
The U.S. dollar is currently benefitting from its role as safe currency haven, but its weakness in 2019 was a consensus view among currency market traders, since investors bet that the U.S. central bank would stop raising interest rates and the economy would slow after a fiscal boost last year, noted experts.
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