Dollar on back foot as economic worries sap confidence; yuan firms

The U.S. dollar hovered close to a five-month low against its major peers on Monday, pressured by President Donald Trump's erratic trade policies and a run of soft macroeconomic data. The euro stood not far from a five-month peak after German parties on Friday agreed on a fiscal deal that could boost defence spending and revive growth in Europe's largest economy. There have been "two stark shifts in macro markets" over the past month, according to Goldman Sachs analysts Dominic Wilson and Kamakshya Trivedi.