12/4/2023, 4:56 PM (Source: TeleTrader)
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Dollar up ahead of more US data

The United States dollar increased against several other global counterparts on Monday as traders seemed cautious ahead of the release of multiple job market reports later this week.

Moreover, Federal Reserve Chair Jerome Powell warned late last week that the central bank could opt for additional tightening of monetary policy if such a move is deemed necessary.

The euro lost 0.62% to the dollar, selling for 1.08125 at 10:55 am ET and the pound was down 0.80% to $1.26067. The American currency rose by 0.12% to ¥149.8445 at 10:56 am ET.

Baha Breaking News (BBN) / MS