RTTNews - The dollar was mixed versus other major currencies on Monday, falling further versus resource-linked counterparts as commodity prices continued to inflate.
The buck was able to steady versus the euro and sterling, with gains among Wall Street equities having been pared, limiting risk appetite.
There was no major first-tier economic data from the US to consider, leaving traders to look ahead to Tuesday's S&P/Case-Shiller Home Price Index and a consumer confidence report.
Over the weekend, economist Nouriel Roubini, who predicted the magnitude of recent financial troubles, said that he sees a big risk of double recession.
Roubini stated that the global economy might bottom out in the second half of the year and the economies in the U.S and other European countries might witness anemic or below trend growth for at least a couple of years.
Looking a the currency charts, the dollar held its ground versus the euro, staying near 1.4300. By barely budging, the dollar remained near its 2009 low of 1.4446, set earlier this month.
The dollar managed to eke out gains versus the sterling, rising to a weekly high of 1.6390. With the gain, the dollar moved further from a 10-month high of 1.7012, set earlier in August.
On the flip side, the dollar gave back some of its gains from the previous session versus the yen, easing to 94.46 after hitting a weekly high of 95.06.
Against the loonie, the dollar hit a 2-week low of C$1.0740, edging closer to the 10-month low of C$1.0630 set earlier in August.
Canadian retail sales unexpectedly rose once again in June, driven by higher gasoline prices, according to data released Monday by Statistics Canada.
Retail sales in current dollars rose in June, increasing 1.0% to $34.4 billion. Retail sales have risen in five of the last six months, following large drops at the end of 2008.
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