USD fell on Monday against a basket of global currencies, continuing losses for the third day in a row, under pressure from Federal Reserve Chairman Jerome Powell, which raised doubts about the possibility of continued interest rate hike this year. Important for the US service sector during December.

USD index fell by 0.3% to 95.40 points, where the opening level of trading today at 95.66 points, the highest level at 95.67 points.

On Friday, the index lost 0.1%, the second consecutive daily loss, after the impact of Powell’s remarks on strong data on the US labor market.

The index fell 0.2% over last week’s trading, its third consecutive weekly loss, as long-term US bond yields fell to a one-year low.

The US central bank is not on track to raise interest rates and will be sensitive to the downside risks that financial markets are currently experiencing, Jerome Powell said on Friday.

Investors are looking for important data from the US on the services sector, one of the most important sectors of the world’s largest economy, which provides evidence of the robustness of the growth path in the fourth quarter of last year.

By 0830 GMT, the Institute of Supply of Service index is expected to reach 59.1 points in December from 60.3 points in November.