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Dollar firms, pound off after U.K. terrorist attacks

Published 06/05/2017, 03:21 AM
Updated 06/05/2017, 03:21 AM

Investing.com - The dollar Monday was off multi-month lows hit on Friday's U.S. weak jobs report.
The dollar index was up 0.12% at 96.73 at 02:45 ET after a low of 96.66.
Nonfarm payroll data showed the U.S. economy created only 138,000 jobs in May against an estimate of 185,000.
Expectations of a Fed June rate hike remain intact but the outlook for further tightening in the second half is cloudier.
The market odds of a rate hike this month currently stand at over 88%.
The pound was off 0.14% at $1.2869 as seven were killed in two terrorist attacks in London over the weekend.
Some polls ahead of the U.K. general election on June 8 suggest the risk of a hung parliament.
The dollar was up 0.17% at 110.58 yen.
The euro edged lower but held above $1.12 as the focus turns to ECB meeting on Thursday.
Investors noted Saudi Arabia, Egypt, UAE, Bahrain severing ties with Qatar after accusing it of supporting terrorism.

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