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Dollar Strengthens as Investors Anticipate Key US Economic Data

Doha: The US dollar edged higher on Monday as investors awaited several economic data releases following the end of the government shutdown, seeking further clarity on the Federal Reserve's interest rate outlook ahead of next month's decision.

According to Qatar News Agency, the British pound remained under pressure after a volatile session on Friday amid speculation over the UK government's budget announcement on November 26.

The Swiss franc, a traditional safe-haven currency, retreated from a one-month high and traded at 0.7954 per dollar, after being supported last week by a sell-off in global equities.

In Asian trading, the dollar recouped part of last week's losses. The euro fell 0.2% to $1.1597, while the Australian dollar slipped 0.24% to $0.6521 and the New Zealand dollar declined 0.18% to $0.5670.

The dollar index, which measures the greenback against a basket of major currencies, rose 0.14% to 99.46.

The British pound dropped 0.3% to $1.3137, extending Friday's swings following reports that Chancellor Rachel Reeves does not plan to raise income tax rates in the upcoming budget. Against sterling, the euro held near a two-and-a-half-year high at 88.25 pence.

The Japanese yen was steady near 155 per dollar, last trading at 154.80, as markets remained alert to possible intervention by Japanese authorities to slow the currency's decline.