Dollar Steady amid Expectations of US Interest Rates Cut

Market


The dollar was broadly steady on Monday as a soft US jobs report boosted wagers that the Federal Reserve may still cut rates this year.

On Monday, the yen was broadly lower, slipping 0.63% to 153.95 per US dollar, down 0.60% to 192.62 per pound and 0.64% lower at 165.715 per euro.

The offshore yuan eased to 7.2160 per dollar.

The dollar index, which measures the US currency against six rivals, was at 105.16.

The euro last fetched $1.0764, while sterling was little changed at $1.2545.

The New Zealand dollar was 0.17% lower at $0.600. The Australian dollar was flat at $0.6612.

Source: Qatar News Agency