Dollar Holds Gains amid Focus on China’s Stimulus Plans

The dollar held onto its gains and even extended some in Asian trading on Monday as a holiday in Japan sapped liquidity, leaving China's somewhat disappointing weekend stimulus announcements the focus of market attention. The dollar index was just above 103 and closing in on last week's peak, its highest since mid-August. The euro was down 0.13% at $1.0922 and the pound was listless but fell 0.2% at one point. The dollar was up 0.13% against the Japanese yen at 149.2750. China's yuan was down 0.2% against the dollar, while the Aussie, whose fortunes are closely tied to China, was down 0.16% at $0.67385. The New Zealand dollar was down 0.15% at $0.61, following last weeks 0.8% drop. Source: Qatar News Agency