Forex – Dollar falls in Asia after NKorea missile test, holidays noted
he dollar fell slightly against the yen on Monday after North Korea fired its 9th ballistic missile test since the start of the year, ratcheting up threats to regional peace with Japan, the U.S. and China all holding a stake in tamping down Pyongyang’s ambitions to build a nuclear-warhead intercontinental ballistic missile.
USD/JPY fell 0.05% to 111.29 after the early Monday test, while AUD/USD eased 0.04% to 0.7444.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted up 0.20% to 97.33.
Markets in China, the U.,S. and U.K. are shut on Monday. But ECB President Mario Draghi is to testify about the economy and monetary developments before the Economic and Monetary Affairs Committee, in Brussels.
In the week ahead, traders will focus on Friday’s U.S. employment report for further signs of the Fed’s likely rate hike trajectory through the end of the year. In the euro zone, investors will await monthly inflation data to assess the timing of when the ECB may start unwinding its massive asset purchase program.