Dollar hovers near 4-month lows, bitcoin holds bounce – Reuters

Dollar hovers near 4-month lows, bitcoin holds bounce – Reuters

The dollar languished near four-month lows against major currencies on Monday as bets on a robust global economic recovery continued to support currencies seen as riskier.

The dollar index moved around the 90 mark, down 0.2% on the day, slightly above a four-month low on Friday of 89.646.

Since the end of March, the greenback, seen as a safe-haven trade, has retreated steadily with optimism about the recovery. But lately that move down seems to have slowed as traders begin to anticipate higher U.S. interest rates coming when the U.S. Federal Reserve reacts to signs of increasing inflation.