LONDON: The U.S. dollar on Monday neared its lowest point in seven months against other major currencies after data suggested the Federal Reserve could slow the pace of its rate hikes, while China reopening its borders boosted riskier currencies. China's offshore yuan neared its highest in five months against the U.S. dollar, while the Australian and New Zealand dollars - generally regarded as more liquid proxies for the Chinese currency - rallied sharply. The dollar posted its biggest quarterly loss in 12 years in the last three months of 2022, driven mainly by investors' belief that the Fed won't raise rates beyond 5%, from its current range of 4.

https://www.brecorder.com/news/40219221/dollar-hovers-near-seven-month-lows-after-jobs-data

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