U.S. Dollar Holds Gains after Strong Jobs Data

The dollar clung on to most of last week’s payrolls-inspired gains early on Monday after a holiday in the United States all but ensured a moribund start to the week.

The dollar index was steady at 80.300, not far from a one-week peak of 80.315 set on Thursday in the wake of solid jobs data. U.S. markets were shut on Friday for the Independence Day holiday.

“There are very limited leads for the region to work off this morning. Risk currencies have gotten off to a relatively flat start…which is a firm indicator that nothing much has changed sentiment-wise as of Friday,” said Stan Shamu, strategist at IG in Melbourne.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.