The US Dollar Trading Negative on Rate Hike Fears

The dollar fell against a basket of major currencies during Monday’s trading, after hitting a rapid rally when a batch of mixed US business data last week led to investors’ worries about a faster end to monetary stimulus.

While the headline jobs figures for June beat expectations, unemployment rates rose and labor force participation did not change – suggesting positive progress, but there is room for the Fed.

The dollar index was down 0.2% at 92.154, retreating from Friday’s levels. But with a 2% rise in the three weeks since the Federal Reserve surprised markets.