Singapore - Saba:
The US dollar rose on Monday, after a report on US jobs, which made traders significantly reduce bets on the possibility of the Federal Reserve (the US central bank) cutting interest rates.
According to Reuters, the euro and the New Zealand dollar stabilized near their lowest levels in more than two years at $1.0242 and $0.5565, respectively, in the early Asian session.
The Australian dollar struggled to move away from its weakest levels in more than four years at $0.6139, and rose 0.1 percent in its last trading to $0.6153.
The dollar was steady at 109.67 against a basket of currencies, hovering near its strongest since November 2022.
Against the dollar, the Japanese yen fell 0.12 percent to 157.92, but news that Bank of Japan policymakers may raise their inflation forecasts at a policy meeting this month in preparation for another interest rate hike limited the yen’s decline.
The pound rose 0.07 percent to $1.2204, but was not far from a 14-month low of $1.2239.
In China, the offshore yuan was little changed at 7.3605 per dollar.
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