THE dollar edged up 0.66% to 97.2 owing to bids for safe papers amid growing concerns on a global economic slowdown following the inverted US yield curve and falling sovereign bond yields in Europe.
Also, the recent economic release for the week were rather downbeat with the Dallas Fed manufacturing index for March slipped 5 points to 8.3 from 13.1 a month earlier, weighed down by slowing new orders (2.4 in March from 6.9 in February); a decline in growth of orders (-1.9 from 3.4, slipping for the first time since December 2016); weaker shipments (5.8 from 10.7).