Dollar finds support on U.S. jobs data; Aussie dollar weaker
Monday, 4 February 2019 08:17 WIB | MARKET UPDATE | Indeks Dolar YenAussie

The dollar held near a one-week high against the yen on Monday, supported by a stronger-than-expected U.S. jobs and factory data, although gains are likely to be capped on caution about Federal Reserve policy and amid thinned holiday trade in Asia.

Data released on Friday showed that the U.S. economy created 304,000 jobs in January, the highest in 11 months, which beat street estimates.

The greenback was marginally higher versus the yen at 109.44, after posting its largest percentage gain in almost a month.

The Aussie dollar was lower by 0.2 percent at $0.7234 while kiwi dollar was marginally lower at $0.6895. The Aussie dollar was hit after the release of weaker-than-expected Building Approvals data.

The dollar index, a gauge of its value versus six major peers was steady at 95.60.

Elsewhere, sterling was marginally lower at $1.3078 in early Asian trade. Traders expect the British pound to remain volatile as Brexit uncertainty remains high.

Source: Reuters

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