Photo taken on April 20, 2022 shows the Japanese yen and U.S. dollar banknotes in Tokyo, Japan.
The dollar kicked off the last quarter of the year on the front foot on Monday as the prospect of higher-for-longer U.S. rates provided solid support, pushing the yen to an 11-month low.
Sterling was last 0.13% lower at $1.2188, having similarly slid nearly 4% against the dollar in the third quarter.
"This puts the 1 November FOMC meeting back on the table as a potential venue for a further 25-basis-point rate hike."
Elsewhere, the Australian dollar fell 0.07% to $0.64305, while the kiwi edged 0.1% lower to $0.59925.
Persons:
Olivier d'Assier, Jarrod Kerr, Sterling, Kiwibank's Kerr, Chris Weston
Organizations:
U.S, Congress, Democratic, U.S . Labor Department, CPI
Locations:
Tokyo, Japan, Asia, Australia, China