The dollar slipped against the Japanese yen and euro on Monday on the back of soft U. S. payrolls data.
The dollar slipped against the yen and the euro on Monday after soft U. S. payrolls data fueled speculation that the Federal Reserve may stop raising interest rates sooner than previously expected.
The British pound also was on the defensive as Prime Minister Theresa May’s deal to exit the European Union looks set to be rejected by parliament on Tuesday, while the Chinese yuan dipped in offshore trade following weak trade and inflation data over the weekend.
« We have rising tensions between the United States and China over Huawei and the Brexit vote in the UK parliament. The risk-off mood is likely to prevail for now, » said director of forex at Societe Generale.
The dollar slipped 0.4 percent against the yen to 112.27, edging near Thursday’s 5 1/2-week low of 112.23.
U. S. non-farm payrolls increased by 155,000 jobs last month, below economists’ median forecast of 200,000 jobs.
Some Fed policymakers have struck a cautious tone about the economic outlook, possibly flagging a turning point in its monetary policy.
Federal Reserve Governor Lael Brainard said on Friday the economic picture was broadly positive but that risks were growing overseas and in the corporate debt markets at home.
