The dollar recovered its losses on Monday, after falling after data showed that jobs in the United States recorded the lowest growth in two and a half years, while disappointing inflation figures in China weighed on the yuan and the Australian and New Zealand dollars.<\/p>\n\n\n\n
Figures released on Friday showed US non-farm payrolls grew by 209,000 last month, missing market expectations for the first time in 15 months.<\/p>\n\n\n\n
However, details in the jobs report reflected a large and sustained increase in wages, indicating that labor shortages persist in some sectors of the market.<\/p>\n\n\n\n
The dollar rose in Asian trading after falling about 1 percent against a basket of currencies on Friday following the release of the data, and recorded the largest increase against the Japanese yen.<\/p>\n\n\n\n
The dollar rose in the latest trading 0.53 percent to 142.98 yen, after falling nearly 1.3 percent against the Japanese currency on Friday, with the decline in US Treasury yields.<\/p>\n\n\n\n
The pound sterling recorded in its latest trading at $ 1.2809, after jumping to the highest level in more than a year at $ 1.2850 on Friday, while the euro fell 0.14 percent to $ 1.0953.<\/p>\n\n\n\n
The focus is now on US inflation data due on Wednesday, with expectations pointing to the core consumer price index rising by 5 percent year-on-year in June.<\/p>\n\n\n\n
Data on Monday showed China’s producer prices fell at the fastest rate in seven-and-a-half years in June, and inflation was the slowest since 2021, raising hopes that China will take more economic support measures.<\/p>\n\n\n\n
The weak data sent the Australian and New Zealand dollars lower.<\/p>\n\n\n\n
The Australian dollar fell 0.4% to $0.66655, and the New Zealand dollar fell 0.45% to $0.6181.<\/p>\n\n\n\n
The yuan in foreign transactions fell about 0.1 percent to 7.2411 yuan per dollar, and in transactions within China it fell approximately 0.2 percent to 7.2340 yuan per dollar.<\/p>\n","protected":false},"excerpt":{"rendered":"
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