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- European session: the dollar strengthened
European session: the dollar strengthened
The dollar rose on speculation U.S. economic reports pointing to stronger growth will reduce the likelihood the Federal Reserve will add to monetary stimulus, bolstering support for the currency.
The dollar is trading on a generally firmer footing after the stronger than expected payrolls report on Friday. Data last week showed U.S. employers boosted payrolls more than economists forecast in February.
The euro fell against the yen before European finance ministers meet in Brussels today to review a second aid package for Greece.
The euro was under pressure against the dollar before ministers from the region’s 17 nations gather in Brussels today to sign off on a 130 billion-euro second package for Greece after bondholders agreed last week to take a loss on the country’s debt.
EUR/USD: during european session the pair was limited $1,3080-$ 1,3135.
GBP/USD: the pair decreased, showed low in $1,5600 area.
USD/JPY: the pair receded from the high reached on Friday in Y82,10 area.
At 1800GMT, the US Treasury Monthly Budget Statement is due.
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