TOKYO, Aug 16 — The dollar held near a one-week low versus major peers today, after slumping the most in almost seven weeks on Friday as diving US consumer confidence hurt bets for an early tightening of Federal Reserve policy.
Against the euro, it was mostly flat at US$1.17960, close to the one-week low of US$1.18045 reached Friday. The dollar has oscillated with the flow of economic data, with momentum from a jobs market recovery pushing it to a four-month peak on Wednesday, only to see it knocked back by cooling inflation pressures.
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