Washington - Saba:
The US dollar declined against all major currencies during trading on Monday, as the optimism following the release of a strong US jobs report gave way to caution ahead of the launch of high-level trade talks between the United States and China in London.
The US dollar index, which measures the currency's performance against six major currencies, fell 0.07% to 99.045 points, amid a slight decline in US Treasury yields, following last Friday's gains.
The Japanese yen gained 0.31% to 144.425 yen against the dollar, supported by data showing that the Japanese economy contracted at a slower-than-expected pace during the January-March period.
The euro rose 0.18% to $1.1417, driven by market pricing in the European Central Bank's hawkish monetary policy stance, which was confirmed last week. The Swiss franc also rose 0.17% to $0.8209 against the dollar, and the pound sterling rose 0.27% to $1.3555.
In Asian currencies, the offshore Chinese yuan traded at 7.187 against the dollar after data showed Chinese export growth slowed to a three-month low and producer price deflation worsened to its worst level in two years. The New Zealand dollar held steady at $0.6037, while the Australian dollar rose 0.25% to $0.6511 in light trading due to Australian markets being closed for a public holiday.
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