AFP, Tokyo :
The dollar weakened in Asia on Monday after surging to seven-year highs last week, following a closely watched US jobs report dampened hopes for a sooner-than-expected US rate hike.
In afternoon Tokyo trading, the greenback fetched 114.16 yen, down from 114.62 yen in New York and sharply lower than 115.39 yen in Tokyo earlier Friday.
The euro rose to $1.2477 against $1.2456 while it was weaker at 142.45 yen from 142.78 yen.
On Friday, the US Labor Department said the world’s number-one economy added 214,000 jobs last month.
While that figure was weaker than the forecast 235,000, the previous two months’ job gains were revised upward and the unemployment rate slipped to a six-year low.
Still, the fresh data did little to boost hopes that the US Federal Reserve would hike interest rates sooner than its mid-2015 timeline, which would support the dollar.
The dollar weakened in Asia on Monday after surging to seven-year highs last week, following a closely watched US jobs report dampened hopes for a sooner-than-expected US rate hike.
In afternoon Tokyo trading, the greenback fetched 114.16 yen, down from 114.62 yen in New York and sharply lower than 115.39 yen in Tokyo earlier Friday.
The euro rose to $1.2477 against $1.2456 while it was weaker at 142.45 yen from 142.78 yen.
On Friday, the US Labor Department said the world’s number-one economy added 214,000 jobs last month.
While that figure was weaker than the forecast 235,000, the previous two months’ job gains were revised upward and the unemployment rate slipped to a six-year low.
Still, the fresh data did little to boost hopes that the US Federal Reserve would hike interest rates sooner than its mid-2015 timeline, which would support the dollar.
