Ammon News - The dollar hovered near a five-month low against major peers on Monday, bruised by President Donald Trump's erratic trade policies and soft economic data, at a time when other currencies, including the euro, benefit from domestic drivers.

The euro was last at $1.0905, up 0.2% on the day, and heading back towards the $1.0947 it hit last week, its highest since October 11.

The Japanese yen was also marginally stronger on the day at 148.48 per dollar, again after hitting its strongest in five months last week at 146.5 to the dollar.

That left the dollar index , which measures the U.S. currency against its six major counterparts, at 103.5, just off its five-month trough of 103.21 reached last Tuesday.

They see the euro at $1.13 by year-end and the yen at 139 per dollar.

Sterling rose 0.26% to $1.2971, in line with the euro.

Meanwhile, the Chinese yuan edged back towards its strongest level in four months in offshore trading, changing hands at 7.2332 per dollar . Last Wednesday, it strengthened to 7.2158 per dollar for the first time since November 13. Reuters