Dollar skids as markets weigh limited risk with strike on Syria

The dollar slipped on Monday as forex markets assessed the impact of strikes on Syria by the United States and its allies over the weekend. With losses at a minimum, military action did not result in broad risk aversion.

The United States, France and Britain launched missiles targeting what Pentagon said where chemical weapons facilities in Syria on Saturday, in retaliation for an alleged gas attack on April 7.

Trump declared "mission accomplished" after the strikes, suggesting military action will not be prolonged. There were still concerns, however, about Russia's potential reaction to new economic sanctions from Washington.

Dollar index futures against a basket of its major rivals eased slightly to 89.42.

The greenback dipped lower against the yen. USD/JPY fell to 107.13 after a brief rise to 107.610. It remains within reach of a near two-month high of 107.780 set on Friday.

EUR/USD nudged up to 1.2335 after ending Friday little changed. Cable was 0.2 percent higher, up to 1.4269 after rising to a near three-month high of 1.4296 on Friday.

Expectations of a rate rise from the Bank of England have been a major driver of sterling's gains in recent days.

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