The dollar declined after the employment report
Investing.com – The u.s. dollar remained moderately lower against the other major currencies on Monday as markets digested the latest u.s. report on payroll and non-agricultural.
The dollar initially strengthened after the Labor department reported Friday that the u.s. economy had added 313,000 jobs last month, beating economist forecasts of 200,000. It was the highest monthly increase in a year and a half.
However, the report also showed that average hourly earnings rose only 0.1% in February, an annual rate of 2.6%, from 2.8% in January.
The slowdown in wage growth has dampened the expectations of four rate hikes from the federal Reserve this year.
The dollar index, which measures the greenback’s strength versus a weighted basket based on the trade of six major currencies, fell 0.08% to 90,04 at 06h05 ET (10h05 GMT), against 90,36 Friday.
The euro and the british pound were higher, with the EUR / USD rising 0.18% to 1,2329 and with the GBP / USD rising 0.13% to 1,3871.
The gains of the single currency have, however, been limited, after the president of the european central Bank, Mario Draghi, downplayed the impact of the decision to abandon the through the last week, and warned that a growing protectionism was threatening growth prospects in the euro area.
The yen and the swiss franc are also slightly stronger, with the USD / JPY down 0.23% to 106,56 and with USD / CHF down 0.21% to 0,9498.
Moreover, the dollars of australia and new zealand are advancing, with the{{5 7| AUD / USD}} adding the 0.11% to 0,7857 and with NZD / USD advancing 0.37% to 0,7307.
Elsewhere, the USD / CAD rose 0.10% to settle at 1,2824.
