The dollar retained modest gains on Monday after a U.S. jobs report put to bed f...
TOKYO - The dollar retained modest gains on Monday after a U.S. jobs report put to bed fears of a sharper slowdown in the world’s largest economy.
The dollar index against a basket of six major currencies was little changed at 97.383 after edging up 0.1 percent on Friday. “The Fed can neither cut or hike rates in light of Friday’s jobs report, which does not provide the dollar with decisive incentive,” said Yukio Ishizuki, senior currency strategist at Daiwa Securities.
Britain’s departure from the European Union looms on April 12, but Prime Minister Theresa May has asked Brussels to postpone the exit until June 30 with little progress being made towards the departure.
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