Dollar weakens after slower US jobs growth reduces Fed hike expectations

The US dollar steadied near a two-week low on Monday as investors reassessed expectations for further monetary tightening by the Federal Reserve.

Softer labour market data from the United States prompted traders to reduce bets on another interest rate hike this year.

Meanwhile, the Japanese yen remained close to a 40-year low against the US dollar.

The currency's weakness continued to keep market participants focused on the possibility of intervention by Japanese authorities.

Dollar trades near recent lows In early trading, the euro stood at $1.1435.

The common currency remained close to its strongest level in two weeks.

Sterling also held firm, last trading at $1.3351 against the US dollar.

The dollar index, which tracks the US currency against a...

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