LONDON—The dollar edged up on Monday, pulling away from recent six-month lows against a basket of major currencies.
The U.S. currency has weakened as markets bet a Federal Reserve tightening cycle may be nearing an end.
Sentiment remained fragile and the first trading day of the year was subdued, with many countries, including big trading centers such as Britain and Japan, closed for a holiday.
The dollar index, which measures the value of the greenback against a basket of major currencies, rose by around 0.14 percent to 103.63—off roughly six-month lows hit last week at around 103.38.
The euro slipped by about a third of a percent to $1.0683, but was not far from its highest levels since June. Sterling was down 0.35 percent at $1.2051….