U.S. Dollar Holds Gains after Jobs Data

The dollar held to a swathe of gains on Monday after robust U.S. jobs data helped rekindle views that the Federal Reserve will hike interest rates as early as June.

Data released on Friday showed a rebound in U.S. wages and nonfarm payrolls increasing by 257,000 in January, outstripping Wall Street forecasts.

The dollar stood little changed at 119.07 yen after scaling a one-month high of 119.23 overnight. The dollar index, an indication of its performance against a basket of key currencies, was also little changed, at 94.664 after gaining 0.2 percent the previous session.


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