LONDON—The dollar nudged lower on Monday, pulling back from six-month peaks against the yen as a U.S. debt ceiling deal lifted risk appetite across world markets and dented the greenback’s safe-haven appeal.
U.S. President Joe Biden on Sunday finalized a budget agreement with House Speaker Kevin McCarthy to suspend the $31.4 trillion debt ceiling until Jan. 1, 2025, and said the deal was ready to move to Congress for a vote.
Having briefly touched a six-month high of 140.91 yen during Asia trade, the dollar drifted lower and was last down 0.25 percent at 140.25 yen.
The dollar index, which measures the U.S. unit’s value against a basket of other major currencies, was also a touch softer around 104.22 but not far from last week’s two-month peaks….