U.S. Dollar Eases after Jobs Data Rally

The dollar gave back some ground on Monday as traders sold into a rally triggered by robust U.S. jobs data, while Greece held investors’ focus after Athens reaffirmed its rejection of an international bailout program.

The dollar index, an indication of the greenback’s performance against a basket of major currencies, slipped 0.3 percent to 94.459, having gained over 1 percent on Friday after the U.S. employment figures.

Meanwhile, Greece was back on investors’ minds as Prime Minister Alexis Tsipras remained adamant that improved bailout terms was the only way out for the debt-strapped nation.

CNBC

Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.