The US dollar strengthened Tuesday after recuperating nearly all of its losses from nonfarm payroll figures.
The greenback traded at $1.0936 per euro, from Monday’s $1.1036. Against the Japanese yen, the dollar was at ¥119.50 from ¥118.71.
According to New York Fed President William Dudley, the timing of the first interest rate hike in almost a decade was uncertain, and the US economy’s recent weakness did not imply a more substantial slowdown.
But there was an encouraging strength in exports and employment in March, as seen in an industry report on the US services sector.
The US dollar seemed to be regaining momentum following “last week’s soft jobs data with some help from US yields, which rebounded from Friday’s lows,” according to analysts at BNP Paribas.
Several financial centers worldwide were shut from Friday for Easter holidays.
The material has been provided by InstaForex Company – www.instaforex.com