In this photo illustration, US $ 100 banknotes seen on an American flag.
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The dollar faded on Monday about a one-month low against major pairs, as investors pushed back expectations as to when the Federal Reserve will begin lowering its massive stimulus.
The dollar index, which measures the currency against six rivals, rose 0.05% more to 92,155, after falling to 91,941 for the first time since Friday, Aug. 4, when a U.S. labor report very attentive came out much weaker than expected.
The euro stood at $ 1.18775 after hitting its highest level since June 29 at $ 1.1909 at the end of last week. The single currency has been backed by expectations that the European Central Bank, which meets on Thursday, is about to cut its own stimulus program.
The greenback rose 0.1% more to 109.79 yen, still meandering in the middle of the trading range for the past two months.
U.S. non-farm payrolls rose just 235,000 in August, compared to an average of 728,000 predicted by economists in a Reuters poll, as the resurgence of Covid-19 infections weighed on demand in restaurants and hotels and stopped hiring.
The Fed has made the labor market recovery a condition for recovering its pandemic-era asset purchases.
The Commonwealth Bank of Australia pushed back expectations to start shrinking in December from October after the unemployment cut.
“The deteriorating Covid situation in the US will weigh on the US dollar because the situation is better elsewhere in the major economies,” CBA strategists wrote in a customer note.
The Australian dollar weakened 0.17% to $ 0.7435, but remained close to the high since July 15 of $ 0.74775, touched in the previous session. The Reserve Bank of Australia decides the policy on Tuesday.
National Australia Bank predicts the central bank will reduce asset purchases at the meeting, “although the prospect of shrinking amid prolonged blockages means it is likely to be a narrow decision,” the analyst wrote. NAB Tapas Strickland in a report.
The New Zealand kiwi fell 0.07% to $ 0.71445, after rising to 0.7170 on Monday Friday for the first time since June 11th.
After heavy concentrations of two weeks, both the Australian and the kiwi “appear to have come out firmly in recent ranks,” Strickland said.
In cryptocurrencies, bitcoin was almost flat at $ 51,785.60, after hitting $ 51,920 earlier, a level not seen since May 12th.
The smaller rival ether traded slightly at $ 3,942.77 after hitting $ 4,000 last week for the first time since mid-May.