Currency – The dollar paused after his progression and then moves back

The dollar declined after having risen

The u.s. dollar fell Tuesday against other major currencies, the markets were shut down after the recent rally in the greenback to highs of nearly two weeks, after the figures optimistic on the employment of the us this last week.

The greenback was boosted after the u.s. department of Labor reported Friday that the economy had created 200,000 jobs in January, exceeding forecasts of a gain of 184.000. The unemployment rate remained unchanged at 4.1% this month, in line with expectations.

The report also showed that average hourly earnings rose 0.3% in January, as expected.

The solid data on wage growth has fuelled inflation expectations, and stressed the need for the federal Reserve to raise interest rates at a faster pace this year.

The index dollar, which measures the greenback’s strength against a basket of currencies, sliding 0.23% to 89.37 at 05:15 a. m. AND (09:15 GMT).

The euro and pound to advance, with EUR/USD up 0.26% to 1.24, and the GBP/USD up 0.19% at 1.3984.

The yen was stable with the USD/JPY to 109.01 while the USD/CHF gaining 0.26% to 0.9339.

The australian dollar declined, with the AUD/USD down 0.11% to 0.7867 and NZD/USD rising 0.61% to 0.7307.

Earlier on Tuesday, the Reserve Bank of Australia has left the benchmark interest rate unchanged at 1.50%, as expected.

The decision comes shortly after the Australian Bureau of Statistics announced that retail sales had fallen by 0.5% in December, while forecasts expected a decline of only 0.2%.

A separate report showed that the trade balance of Australia had reached a deficit of $ 1.36 billion in December compared to a surplus 0.036 billion dollars the previous month, whose figure was revised from a deficit estimated to 0.63 billion australian dollars.

The analysts expect that the trade balance shows a surplus of 0.25 billion australian dollars in December.

During this time, the USD / CAD is unchanged at 1,2531.

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