Dollar Index Nears Stable As COVID Concerns Offset Upbeat Economic Data
Previously, bitcoin hit its highest level in almost three months. It was up 4.3% to $ 45,726.71, while Ether was up 3.4% to $ 3,117.10.
The US Dollar Index, which measures the greenback against a basket of currencies, last rose 0.07% to 92.916, close to its four-month high of 93.194.
Data on Monday showed job postings in the United States hit a new record in June and hiring has risen. This follows Friday’s monthly U.S. employment report, which showed U.S. employers hired the most workers in nearly a year in July and continued to raise wages.
The report pushed bond yields higher, arguing that the Federal Reserve could act faster to tighten US monetary policy. Fed officials have made a recovery in the labor market a condition for tightening monetary policy.
“The market is struggling to balance signs of a stronger job market with growing concerns from the Delta,” said Adam Button, chief currency analyst at ForexLive. “These opposing forces have left it largely unchanged.”
The dollar rose sharply after Friday’s jobs report.
COVID-19 infections in the United States increased by at least 22,783 on Sunday to reach 35.94 million cases in total, according to a Reuters tally. The impact of the Delta variant in the United States has heightened concerns, as cases of COVID-19 also increase in Asia.
Against the dollar, the euro lost 0.2%.
The Japanese yen was little changed against the greenback at 110.26 per dollar, while the British pound last traded at $ 1.3852, down 0.14% on the day.
The sharp drop in oil prices weighed on the commodity-linked Australian dollar, which eased 0.2% to US $ 0.7334.
Speculators have reduced their net long positions in the dollar over the past week, according to data released on Friday, but they are still positioned for its gains.
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Currency bid prices at 11:03 am (1503 GMT)
Description RIC Last closure US Pct Change YTD Pct High Bid Low Bid
Previous modification
Session
Dollar index
92.9160 92.8710 + 0.07% 3.262% +92.9620 +92.7180
Euro dollar
$ 1.1744 $ 1.1763 -0.16% + 0.00% + $ 1.1769 + $ 1.1741
Dollar / Yen
110.2650 110.2350 + 0.05% + 0.00% +110.3300 +110.0300
Euro / yen
129.49 129.65 -0.12% + 0.00% +129.6700 +129.4000
Dollar / Switzerland
0.9193 0.9152 + 0.48% + 0.00% +0.9197 +0.9147
Pound sterling / dollar
$ 1.3852 $ 1.3875 -0.18% + 0.00% +1.3894 $ +1.3846
Canadian dollar
1.2581 1.2552 + 0.24% + 0.00% +1.2588 +1.2532
Australia / Dollar
$ 0.7335 $ 0.7355 -0.27% + 0.00% + $ 0.7364 + $ 0.7329
Euro / Switzerland
1.0797 1.0758 + 0.36% -0.09% +1.0799 +1.0757
Euro / Pound
0.8476 0.8475 + 0.01% -5.16% +0.8486 +0.8462
New Zealand
Dollar / Dollar $ 0.7000 $ 0.7011 -0.14% -2.51% + $ 0.7026 + $ 0.6980
Dollar / Norway
8.9485 8.8995 + 0.67% + 0.00% +8.9570 +8.9075
Euro / Norway
10.5099 10.4590 + 0.49% + 0.41% +10.5184 +10.4449
Dollar / Sweden
8.7046 8.6640 + 0.25% + 6.20% +8.7099 +8.6597
Euro / Sweden
10.2242 10.1985 + 0.25% + 0.00% +10.2263 +10.1886
(Additional reporting by Tommy Wilkes in London; editing by David Holmes, Tomasz Janowski and Jonathan Oatis)
By Caroline Valetkevitch