Investing.com - The U.S. dollar traded higher against most of its major rivals during Monday’s Asian session as traders in the region digest a bullish June jobs report out of the U.S. last Friday.
In Asian trading Monday, EUR/USD fell 0.07% to 1.2827. It is expected that Euro zone policymakers will decide on Monday on how to best extend aid to Greece, though it is believed proposals on the table are unpopular, including firing public workers or selling state-owned assets.
Greece needs to procure EUR8.1 billion so it can avoid defaulting on EUR2.2 billion in bond obligation next month. It is also expected to euro zone finance leaders along with European Central Bank President Mario Draghi will warn Portugal to get its political house in order after political concerns there sent bond yields surging last week.
Portugal is looking to leave bailout program of EUR78 billion.
USD/JPY rose 0.19% to 101.37 after the Finance Ministry said Japan’s current account fell to JPY540.7 billion in May from JPY750 billion in April. Exports climbed 9.1% year-over-year, but imports jumped 9.6%. Economists expected a surplus of JPY595 billion.
The result marked the first time Japan has logged a second consecutive current-account surplus since October 2010, according to Dow Jones Newswires.
GBP/USD fell 0.10% to 1.4880 as traders continue to expect more monetary easing out of the Bank of England later this year.
USD/CHF added 0.17% to 0.9655 while USD/CAD inched up 0.01% to 1.0576 after the U.S. Labor Department said the world’s largest economy added 195,000 jobs in June, more than the 165,000 increase forecast by economists. May's figure was revised upwards to 195,000 jobs from 175,000, while April's figure was revised up to 199,000 from 149,000.
AUD/USD fell 0.06% to 0.9057 while NZD/USD rose 0.07% to 0.7715. The U.S. Dollar Index added 0.06% to 84.74.
In Asian trading Monday, EUR/USD fell 0.07% to 1.2827. It is expected that Euro zone policymakers will decide on Monday on how to best extend aid to Greece, though it is believed proposals on the table are unpopular, including firing public workers or selling state-owned assets.
Greece needs to procure EUR8.1 billion so it can avoid defaulting on EUR2.2 billion in bond obligation next month. It is also expected to euro zone finance leaders along with European Central Bank President Mario Draghi will warn Portugal to get its political house in order after political concerns there sent bond yields surging last week.
Portugal is looking to leave bailout program of EUR78 billion.
USD/JPY rose 0.19% to 101.37 after the Finance Ministry said Japan’s current account fell to JPY540.7 billion in May from JPY750 billion in April. Exports climbed 9.1% year-over-year, but imports jumped 9.6%. Economists expected a surplus of JPY595 billion.
The result marked the first time Japan has logged a second consecutive current-account surplus since October 2010, according to Dow Jones Newswires.
GBP/USD fell 0.10% to 1.4880 as traders continue to expect more monetary easing out of the Bank of England later this year.
USD/CHF added 0.17% to 0.9655 while USD/CAD inched up 0.01% to 1.0576 after the U.S. Labor Department said the world’s largest economy added 195,000 jobs in June, more than the 165,000 increase forecast by economists. May's figure was revised upwards to 195,000 jobs from 175,000, while April's figure was revised up to 199,000 from 149,000.
AUD/USD fell 0.06% to 0.9057 while NZD/USD rose 0.07% to 0.7715. The U.S. Dollar Index added 0.06% to 84.74.