The dollar continued its decline against the yen and the euro, Monday, after a sudden collapse in the US debt ceiling negotiations and following comments by Jerome Powell, Chairman of the Federal Reserve (the central bank), in which he indicated that he preferred to slow the pace of raising interest rates.
The dollar fell 0.15 percent to 137.725 yen at the beginning of the week's trading, after snapping a six-day winning streak on Friday, retreating from a six-month high.
While the euro rose 0.14 percent to $ 1.08205, continuing the rise it witnessed on Friday, from its lowest level in seven weeks.
Investors are now awaiting an important meeting between US President Joe Biden and Republican House Speaker Kevin McCarthy on Monday to discuss raising the debt ceiling.
