LONDON—The dollar was steady against the euro and yen on Monday, as U.S. debt ceiling negotiations were set to resume and after Federal Reserve Chair Jerome Powell indicated he favours a meeting-by-meeting approach when it comes to future policy moves.
The greenback was down 0.1 percent at 137.85 yen to start the week, having snapped a six-day winning streak on Friday, pulling back from a six-month peak.
The euro was little changed $1.0805, having hit a seven-week low of $1.0760 on Friday.
Investors are now waiting for a key meeting between U.S. President Joe Biden and House Republican Speaker Kevin McCarthy to discuss the debt ceiling on Monday, after a phone call on Sunday that both sides described as positive….