Dollar hovers near two-month low on payrolls shock

Dollar hovers near two-month low on payrolls shock

The dollar hovered near a more than two-month low against major peers on Monday as investors continued to assess the implications of a downbeat U.S. employment report on monetary inflation. 

The dollar index traded at 90.178, after falling to as low as 90.128, its weakest since Feb. 26. The pound rose 0.3%, climbing as high as $1.4036 for the first time since Feb. 25.

The euro climbed 0.1% to $1.2172, after hitting $1.2177, its highest since Feb. 26. The dollar steadied at 108.57 against the yen, not far from its weakest since April 27.

The Aussie soared 0.1% to $0.78535, near Friday’s more than two-month high of 0.7863. The loonie rallied to a new 3 ½-year peak of $1.2111.

In cryptocurrencies, Ether traded at $3,918.78 after hitting a record of $3,985 on Sunday. It rallied about 41% so far this month.

Rival Bitcoin was stuck around $58,000, consolidating after dropping as low as $47,004.20 on April 25, following its surge to a record $64,895.22 in the middle of that month. 

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