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(U. S. early trade updates, signature adjustments, date, old LONDON) * Dollar is at its lowest point since mid-June against the yen * Australian dollar rises * Euro also gains as the dollar falls By Caroline Valetkevitch NEW YORK, August 1 ( Reuters ) – The US dollar was at its lowest point since mid-June against the Japanese yen on Monday as investors calculated the likelihood that the Federal Reserve would not raise rates. interest rates as competitive as some had hoped. The US dollar index showed volatility after news that US manufacturing activity slowed less than expected in July. But a key report for investors this week will be Friday’s US jobs report. “It’s the start of a new month, and the focus is on the possibility of the Fed tapering its rate hikes,” said Marc Chandler, lead forex market strategist at Bannockburn Global in New York. “The focus is on the hard labor market at the end of the week, and this is worth checking out as the improvement in the hard labor market is moderating,” he said. “But before COVID, it would still be considered a very physically powerful number. ” The dollar index is up about 10% so far this year, on investors’ expectations of competitive rate hikes from the Federal Reserve. “After a big move, I think we’re really consolidating,” Chandler said. Last week, the dollar fell against the yen and two-year yields on the US Treasury market also fell, after news that the US economy contracted momentarily in the quarter. The dollar fell to its lowest point against the yen since mid-June, falling from a peak of just 140 yen reached in 1998 late last month. The dollar last fell 1. 1% to 131. 74. The dollar index was last at 105. 26, down 0. 7%. Broad dollar weakness helped the euro, which rose 0. 5% to $1. 0273. Currency investors were also keeping an eye on news of US House Speaker Nancy Pelosi’s planned stopover in Taiwan. Pelosi was due to travel to Taiwan on Tuesday, two other people briefed on the matter said, according to a Reuters report. China has warned that its military “will never sit idly by” if it stops on the self-governing island claimed through Beijing. The Australian dollar rose 0. 6% to $0. 7036 ahead of the central bank’s rate hike on Tuesday. ==================================================== === Offer price of the coin at 11:44 am. m. (15:44 GMT) Description RIC Last US Close Pct Change YTD Pct High Bid Low Bid Previous Change Session Dollar Index 105. 2600 105. 9900 -0. 67% 10. 032% +106. 0100 + 105. 2300 euro/dollar $1. 0273 $1. 0227 +0. 46% +0. 00% +$ 1. 0275 +$ 1. 0195 dollar/yen 131. 7350 133. 2200 -1. 14% +0. 00% +133. 5550 +131. 6000 euro/yen 135. 33 136. 19 -0. 63% +0. 00% +136. 36. 36. 36. 36. 36. 302 % +0. 9531 +0. 9483 British Pound/Dollar $1. 2269 $1. 2184 +0. 72% +0. 00% +$1. 2292 +$1. 2165 Dollar/Canada 1. 2829 1. 2796 +0. 26% +0. 00% +1. 2831 +1. 2767 Aussie/Dollar +0. 6. 9%% +0. 6. 9%% +0. 6. 7036 $0. 6. 7036 $ . 6969 EURO / SWISS 0. 9744 0. 9728 + 0. 16% + 0. 00% +0. 9758 +0. 9714 Euro / Sterling 0. 8372 0. 8393 -0. 25% + 0. 00% + 0. 8399 +0. 8356 NZ 0. 6345 0. 6290 + 0. 85% 9. 5950 9. 6700 -0Array73% +0. 00% +9. 6860 +9. 5880 Euro/Norway 9. 8627 9. 8783 -0. 16% +0. 00% +9. 9240 +9. 8402 Dollar /Sweden 10. 0837 10. 138 6 -0. 12% +0. 00% +10. 138 0762 Euro/Sweden 10. 3573 10. 3699 -0. 12% +0. 00% +10. 4065 +10. 3473 (additional reports via Saikat Chatterjee in London; Editing via Jan Harvey, Jane Merriman and Paul Simao)