Dollar slightly weakens as Evergrande concerns resurface

The dollar declined on Monday morning in Asia, but hovered near its peaks in recent weeks. The re-emergence of market concerns on China Evergrande Group’s debt crisis and the expected United States’ jobs report limited the safe-haven currency’s loss.

The U.S. Dollar Index that measures the greenback against other major currencies nudged 0.04% lower to 94.052 by 11:39 PM ET (3:39 AM GMT).

The USD/JPY pair tallied an increase of 0.01% to 111.06.

The AUD/USD pair gained 0.02% to 0.7258, while the NZD/USD pair slid 0.13% to 0.6934.

The USD/CNY pair remained at 6.4467 with Chinese markets closed for a holiday.

The GBP/USD pair shed 0.07% to 1.3536.

Fears about global contagion from Evergrande’s debt crisis resurfaced following a halt on the developer’s shares in Hong Kong today. There were no grounds provided behind the suspension.

Meanwhile, several central banks are set to release their latest policy decision this week: the Reserve Bank of Australia on Tuesday, the Reserve Bank of New Zealand on Wednesday, and the Reserve Bank of India on Friday.

The U.S. will also disclose its jobs report, including non-farm payrolls, on Friday.