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The dollar is growing amid expectations of a tightening of the Fed's policy

The U.S. dollar was up on Monday after data on the jobless growth in the U.S. in June indicated that the Fed's plans to tighten the policy by the end of the year are likely to continue.

10.Jul.17 9:02 AM
By Daria Zaytseva


The dollar is growing amid expectations of a tightening of the Fed's policy

The growth in the number of jobs in the U.S. in June surpassed expectations, indicating that the Fed is likely to stick to its intention to raise interest rates for the third time in 2017 and begin to reduce the volume balance, despite a weak increase in wages and a slowdown in inflation.

The dollar to 8.21 GMT went up by 0.2 percent to the yen to 114.16 after reaching the level of 114.21, the maximum since May 11.

The dollar index to the basket of major currencies stabilized at 96.012.

Head of the Bank of Japan Haruhiko Kuroda on Monday reiterated that the central bank intends to maintain a large-scale incentive measures program until inflation stabilizes above the target 2 percent level of the regulator.

Support for the dollar also had an increase in the yield of U.S. state bonds. The yield of indicative 10-year government bonds was kept at 2.389 percent in Asian trading, close to the Friday's closing at 2.393 percent. After the release of labor statistics, the yield reached a peak of more than eight weeks at 2.398 percent.

The euro traded without sharp fluctuations to the dollar at $1.1403, but went up to the yen, adding 0.2 percent to 130.17 yen after rising to 130.275 yen, the maximum since February 2016.

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