Investing.com - The dollar slipped lower against the other major currencies in quiet trade on Monday, but remained supported as Friday's upbeat U.S. employment data fuelled further expectations for a U.S. rate hike.
Trading volumes were expected to remain light with no major U.S. data to be released throughout the day.
EUR/USD edged up 0.10% to 1.0974, off lows of 1.0925 hit earlier in the session.
The Labor Department reported on Friday that the U.S. economy added 215,000 jobs last month, slightly lower than forecasts for an increase of 223,000, but still consistent with strong employment growth.
The unemployment rate remained unchanged at 5.3%, in line with expectations.
Hourly earnings, a component of the jobs report that the Federal Reserve has said must rise, ticked up 0.2%, also matching forecasts after stalling in the previous month.
The data was seen as reinforcing expectations for higher U.S. interest rates.
In the past three months the greenback has been boosted by investor expectations that the Fed will raise short term interest rates in the coming months, possibly as early as September.
The euro found some support amid reports that negotiations between Greece and its international creditors over a new bailout deal worth €86 billion should conclude by early Tuesday.
The dollar moved lower against the pound, with GBP/USD rising 0.33% to 1.5540.
Elsewhere, the dollar was higher against the yen and the Swiss franc, with USD/JPY up 0.25% at 124.58 and with USD/CHF adding 0.27% to 0.9864.
The Australian and New Zealand dollars remained weaker, with AUD/USD down 0.42% to 0.7387 and with NZD/USD retreating 0.72% to 0.6590.
Meanwhile, USD/CAD slid 0.37% to trade at 1.3087.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.09% at 97.57, after rising to highs of 97.97 earlier in the day.