Currency – The us dollar declined but remains supported

The dollar declined but remains supported

The u.s. dollar slips Monday, after gains Friday after an employment report stronger than expected, with stronger expectations for a faster pace of rate hikes by the federal Reserve this year.

The index dollar, which measures the greenback’s strength against a basket of currencies, gave up 0.11% to 88.94 at 05:15 a. m. AND (09:15 GMT).

The greenback was boosted after the u.s. department of Labor reported Friday that the economy had added 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 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 euro and the pound have been slightly increased, with EUR / USD up 0.10% to 1,2467 and with GBP / USD up 0.10% to 1,4127.

Earlier Monday, data showed that activity in the services sector in the Uk declined more than expected last month.

The yen and the swiss franc have also increased, with USD / JPY down 0.28% 109,85 and with USD / CHF down 0.18% to 0,9296.

Moreover, the dollars of australia and new zealand have also been stronger, with the AUD/USD up 0.30% to 0,7950 and NZD/USD up 0.37% to 0,7327

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