The dollar moves and the US economy at the center of concerns

The dollar edged down slightly from its six-week low against the yen on Monday, as the market regained some calm, seized by fears of a recession in the United States.

The greenback had fallen on Friday, the gap between 3-month treasury bill yields and 10-year bills being reversed for the first time since 2007, as a result of weak data from the US dollar. American manufacturing PMI.

An inverted yield curve has historically signaled an impending recession.

The US Federal Reserve's cautious comments last week also raised concerns about growth prospects in the United States and the rest of the world.

The dollar was up about 0.2% to 110.13 yen after sinking to 109.745 on Friday, its lowest level since February 11th.

"The decline of the dollar on Friday seemed to be a reaction to the alternative to reversing the yield curve and simply exaggerated. Some market participants looked for good deals to support the dollar / yen," he said. said Yukio Ishizuki, currency strategist at Daiwa Securities Tokyo.

"On the other hand, the response to the Mueller report has been limited."

Special advocate Robert Mueller has found no evidence of collusion between the campaign team of President Donald Trump and Russia, and has not presented enough evidence to justify it. Charge of obstruction of justice, said Sunday the US Attorney General William Barr.

The dollar index remained unchanged at 96.651 after posting a gain of 0.15% on Friday.

The euro has changed little at $ 1.1297. The common currency lost about 0.7% Friday, after a much weaker-than-expected survey of the German manufacturing industry has raised concerns for the biggest economy in Europe and the euro zone at large.

The Australian dollar, considered a liquid indicator of global growth, barely changed at $ 0.7077.

The pound was down 0.1% to 1.3200 USD.

The pound sterling rebounded 0.8% on Friday, helped by a weaker euro and after European Union leaders granted British Prime Minister Theresa May a two-week reprieve to decide the way to follow through Britain to leave the European Union.