Singapore, June 26 (BNA): The dollar eased on Monday, although it found some safe-haven support on persistent concerns that prolonged monetary tightening cycles from major central banks will hurt the global economic outlook.
Business activity in the US fell to a three-month low in June and the contraction deepened in the manufacturing sector, although the overall picture is that economic growth picked up slightly in the second quarter.
The euro trimmed some of its losses last week and rose 0.05% to $1.0901 in Asian trade, Reuters reported.
The US dollar settled at 102.74, after rising more than 0.5% last week, its first in nearly a month.
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