Dollar slumps to 6-week low, Bitcoin steadies after weekend drop

The dollar slumped to a six-week low against major peers on Monday, with Treasury yields near their lowest in five weeks, after the U.S. Federal Reserve reiterated its view that any spike in inflation was likely to be temporary. The dollar was also held down by improved risk sentiment amid a rally in global stocks to record highs. Bitcoin stabilized after losses from Sunday, when it plunged as much as 14% to $51,541, which a report attributed to news of a power outage in China. The dollar index , which tracks it against six other currencies, fell to 91.079, not…