SYDNEY : The dollar was staring at a fourth straight session of losses against the euro on Monday as more hawkish comments on European interest rates contrasted with market pricing for a less aggressive Federal Reserve.
Knot is considered a hawk among policy makers and the comment was taken as push back against recent reports that the ECB would scale back to quarter-point moves from March. Flash surveys on January manufacturing due this week are forecast to show more improvement in Europe, in part thanks to falling energy costs, than in the United States.
The dollar has at least managed to steady on the yen after the Bank of Japan defied market pressure to reverse its ultra-easy bond control policy.
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