Ammon News - The dollar slid on Monday against the yen and wallowed near its lowest in almost four years against the euro, as market optimism over U.S. trade deals bolstered bets for earlier interest rate cuts by the Federal Reserve.

The dollar also languished near a four-year low against sterling and a trough of more than decade versus the Swiss franc after the White House neared a deal with China, while Canada scrapped a digital services tax to restart stalled talks.

Both the yuan and Canadian dollar gained.

The euro gained 0.1% to $1.1732, just off Friday's level of $1.1754, its highest since September 2021.

Sterling added 0.1% to $1.3732, hovering close to Thursday's peak of $1.37701, unseen since October 2021.

The dollar eased 0.1% to 0.7978 Swiss franc , after dipping on Friday to 0.7955 for the first time since January 2015, when the Swiss National Bank unexpectedly removed a cap on the currency's value against the euro.

The U.S. currency slumped 0.5% to 143.90 yen , and tumbled 1.1% to 1,349.40 Korean won .

The risk-sensitive Australian dollar rose 0.3% to $0.6550, edging back towards Thursday's 7-1/2-month high of $0.6563.

The New Zealand dollar climbed 0.5% to $0.6083.

The Canadian dollar added 0.1% to C$1.3661 per greenback.

The Chinese yuan strengthened 0.2% to 7.1596 per dollar in offshore trading. Reuters