The dollar held steady against the other major currencies in subdued trade on Monday, hovering just below Friday’s one-week highs as markets continued to digest Friday’s strong U.S. jobs data.
The dollar found support after the U.S. Labor Department on Friday said the economy added 209,000 jobs last month, blowing past expectations for an increase of 183,000.
The unemployment rate ticked down to 4.3% in July from 4.4% the previous month, in line with expectations.
Earlier Monday, the Reserve Bank of New Zealand said its inflation expectations ticked down to 2.1% in the second quarter from 2.2% in the three months to March.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 93.34, just off Friday’s one-week high of 93.64.
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The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, inched up by 0.02% to 93.43.
In Japan, core machinery orders dropped 1.9% in June, well below the 3.7% gain seen and fell at 5.2% compared to a 1.0% drop seen.
As well, producer prices in Japan rose 0.3% in July, a tick higher than the 0.2% gain seen and at a 2.6% gain , also beating expectations.
The U.S. central bank left its benchmark rate unchanged in July amid concerns about the slowdown in inflation but expressed optimism that its long-term target of about 2% inflation would be met.
collected by :kiven Dixter