Dollar Increases After Higher Expectations for Interests Rates CutSingapore, 4 Aug (ONA) — The dollar found some support today after a the release of the US jobs report that led investors to ramp up bets of imminent Federal Reserve rate cuts.
Against a basket of currencies, the dollar edged up 0.1% to 98.75, after sliding more than 1% on Friday.
The dollar recovered some of its losses against the yen Monday, trading 0.2% higher at 147.67 yen.
The euro fell 0.06% to $1.1579, while sterling was little changed at $1.3281.
The Australian dollar rose 0.09% to $0.64815, and the New Zealand dollar eased 0.11% to $0.59125.
The Swiss franc weakened more than 0.1% to 0.8054 per dollar. —Ends/AG
