Investing.com - The dollar rose against the world's major currencies on Monday, buoyed by better-than-expected unemployment figures released in the U.S. on Friday, which fanned expectations that indicators due out later this week like retail sales will surprise even further.
In Asian trading on Monday, the euro was down against the greenback, with EUR/USD losing 0.23% and trading at 1.3093.
In the U.S. on Friday, the Bureau of Labor Statistics reported the world's largest economy added a net 227,000 nonfarm payrolls in February, outpacing expectations for a gain of 215,000.
The government also revised January's figures upward to 284,000 jobs from 243,000.
While not surging ahead, unemployment figures have come in stronger than expected during the last few months, which is fueling sentiment that other closely-watched indicators are due to surprise on the upside as well.
On Tuesday, the U.S. will release retail sales figures, a key indicator of economic health considering consumer demand accounts for 70 percent of total U.S. economic output.
Plus the Federal Reserve is due to announce its latest decision on interest rates.
Market sentiment is growing that U.S. monetary policy officials are less likely to consider extraordinary easing measures to jolt the economy such as quantitative easing, which are asset purchases from banks that weaken the dollar in an effort to achieve price stability and prime demand for jobs.
The Fed has carried out two rounds of quantitative easing since the downturn, pumping USD2.3 trillion into the financial system in the process.
Stronger demand for jobs and stronger retail sales would make a repeat performance less likely.
Meanwhile, the dollar was up against the pound, with GBP/USD down 0.04% and trading at 1.5667.
The greenback was down 0.32% against the yen, with USD/JPY trading at 82.22, and up against the Swiss franc, with USD/CHF up 0.22% and trading at 0.9210.
The greenback was up against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.19% at 0.9925, AUD/USD down 0.43% at 1.0531 and NZD/USD down 0.49% at 0.8174.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.07% at 80.48.
On Monday, the U.S. will release its federal budget balance, and on Tuesday, the Federal Reserve will unveil its decision on interest rates while retail sales will hit the wire.
In Asian trading on Monday, the euro was down against the greenback, with EUR/USD losing 0.23% and trading at 1.3093.
In the U.S. on Friday, the Bureau of Labor Statistics reported the world's largest economy added a net 227,000 nonfarm payrolls in February, outpacing expectations for a gain of 215,000.
The government also revised January's figures upward to 284,000 jobs from 243,000.
While not surging ahead, unemployment figures have come in stronger than expected during the last few months, which is fueling sentiment that other closely-watched indicators are due to surprise on the upside as well.
On Tuesday, the U.S. will release retail sales figures, a key indicator of economic health considering consumer demand accounts for 70 percent of total U.S. economic output.
Plus the Federal Reserve is due to announce its latest decision on interest rates.
Market sentiment is growing that U.S. monetary policy officials are less likely to consider extraordinary easing measures to jolt the economy such as quantitative easing, which are asset purchases from banks that weaken the dollar in an effort to achieve price stability and prime demand for jobs.
The Fed has carried out two rounds of quantitative easing since the downturn, pumping USD2.3 trillion into the financial system in the process.
Stronger demand for jobs and stronger retail sales would make a repeat performance less likely.
Meanwhile, the dollar was up against the pound, with GBP/USD down 0.04% and trading at 1.5667.
The greenback was down 0.32% against the yen, with USD/JPY trading at 82.22, and up against the Swiss franc, with USD/CHF up 0.22% and trading at 0.9210.
The greenback was up against its cousins in Canada, Australia and New Zealand, with USD/CAD up 0.19% at 0.9925, AUD/USD down 0.43% at 1.0531 and NZD/USD down 0.49% at 0.8174.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.07% at 80.48.
On Monday, the U.S. will release its federal budget balance, and on Tuesday, the Federal Reserve will unveil its decision on interest rates while retail sales will hit the wire.