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* The dollar clawed back earlier losses on Monday as a hawkish Federal Reserve official laid out the case for further rate hikes, while the Australian dollar sank on concerns about unrest over COVID-19 restrictions in China.

* The dollar looked unstoppable earlier this year when investors were adding to bets on inflation and US rate hikes. Now they’re turning against it in droves. Former bulls including JPMorgan (NYSE:JPM) Asset Management and Morgan Stanley (NYSE:MS) say the era of dollar strength is ending as cooling prices spur markets to trim bets on further Federal Reserve tightening. That may spell buying opportunities for the currencies of Europe, Japan and emerging markets.

* The U.S. dollar traded higher in Europe early Monday, and the Chinese yuan slumped to a two-week low as protests against the Chinese government’s mobility restrictions to combat surging COVID cases prompted safe haven flows.

* Most Asian currencies fell on Monday as worsening civil unrest in China over its strict anti-COVID policy rattled sentiment, while the dollar rose as fears of a Chinese economic slowdown drummed up safe haven demand.

* The dollar edged higher across the board on Friday in a quiet session following the U.S. Thanksgiving holiday but remained near multi-month lows as the prospect of the Federal Reserve moderating the pace of its policy tightening weighed on the U.S. currency.

* The U.S. dollar edged lower in early European trade Friday, on course to post a weekly loss on dovish signals from the Federal Reserve.

Data inference

* No Major Event.

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