US dollar weakens as markets anticipate easing

The US dollar nears a two-month low against major currencies as markets anticipate a potential easing of US monetary conditions. The dollar index rose 0.04% to 103.95, struggling to recover from last week's 2% decline. The euro held steady at $1.0900, while the Japanese yen strengthened. The Australian dollar fell to $0.6504, and the New Zealand dollar slipped to $0.5990. China's loan prime rate decision and Eurozone PMI readings are key factors.