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
