By Gina Lee
Investing.com – The dollar rose Monday morning in Asia, up to a four-month high against the euro. Investors are positioning themselves for the US Federal Reserve to start downsizing earlier than scheduled thanks to the latest Better Than Expected US Jobs report.
The one that tracks the dollar against a basket of other currencies was up 0.01% to 92.808 at 12:48 am ET (4:48 am GMT).
The pair was down 0.03% to 110.22, with Japanese markets closed for the holiday.
The pair was down 0.01% to 0.7353, while the pair was up 0.14% to 0.7018.
The pair was down 0.09% to 6.4767. released earlier in the day in China said the consumer price index (CPI) rose 1% and 0.3% in July. Meanwhile, the 9% year-on-year increase in July.
The pair was down 0.01% to 1.3870.
The greenback received a boost thanks to the strong US jobs report, which raised bets that the Fed could start cutting assets and raising interest rates earlier than expected. The report, released on Friday, said it rose by 943,000 and fell to 5.4% in July.
“American payrolls were a game changer,” Chris Weston, head of research at Melbourne brokerage Pepperstone, said in a note.
The dollar index is pointing to a close above the 93 mark, and the dollar could head towards $ 1.1704 per euro, the note added. The dollar could also see more gains against the yen.
The benchmark index rose to a two-week high of 1.3053% on Friday. Investors are now expecting more US economic data, including that, to be released on Wednesday.
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