The dollar is licking its wounds as the end of Fed tightening approaches

SYDNEY, Jul 17 (Reuters) – The dollar breathed a sigh of relief on Monday after its biggest weekly drop this year as investors waited for economic data and officials’ decisions before continuing its sell-off.

The dollar index against a basket of six major currencies was stable at 99.944 at 08:25 Moscow time.

The euro was inactive near USD 1.1225.

Sterling was stable around $1.3089.

The Japanese yen rose 0.13% against the dollar to 138.55.

The Swiss franc rose 0.13% to $0.8606.

The Australian fell 0.29% to $0.6817.

The New Zealand dollar fell 0.24% to $0.6353.

The mainland yuan fell 0.38% to 7.1673, while the offshore yuan fell 0.28% to 7.1755.

In the cryptocurrency segment, Bitcoin was up 0.17% to $30,304 and Ethereum was up 0.48% to $1,932.8.

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(Tom Westbrook)