The British Pound was little changed on Monday in Asia as investors wait to hear the first speech from the new head of European Central Bank (ECB).<\/p>\n\n\n\n
The U.S. Dollar Index<\/a> that tracks the greenback against a basket of other currencies was unchanged at 97.041 by 12:19 AM ET (04:19 GMT).<\/p>\n\n\n\n U.S. nonfarm payrolls<\/a> rose by 128,000 last month, according to the Labor Department. Analysts polled by Investing.com only had a consensus for a rise of 89,000. The outperforming data provided a boost to U.S. stock markets and sent the S&P500 to record highs.<\/p>\n\n\n\n Mohammed Apabhai, head of Asia Pacific trading strategies group at Citi, told CNBC in an interview that he thinks the U.S. dollar index could fall to as low as 85 as the Federal Reserve buy more bond assets and push bond yield down.<\/p>\n\n\n\n The dollar usually weakens when bond yields fall.<\/p>\n\n\n\n \u201cOur latest projections are that it would weaken even further \u2014 maybe to the high 80s, perhaps even as low as 85,\u201d said Apabhai.<\/p>\n\n\n\n \u201cWe\u2019re basically saying that the Fed is probably going to be the most dovish of all the central banks, regardless of the fact that \u2026 they\u2019ve put rates on pause,\u201d he said.<\/p>\n\n\n\n On the Sino-U.S. trade developments, U.S. President Donald Trump said on Friday evening that negotiations about a “phase one” agreement were going well and he hoped to sign the deal with Chinese President Xi Jinping at a U.S. location when work on the agreement was completed.<\/p>\n\n\n\n The USD\/JPY<\/a> pair inched up 0.1%. Bank of Japan\u2019s monetary policy meeting minutes is due on Wednesday.<\/p>\n\n\n\n The GBP\/USD<\/a> pair last traded at 1.2937, up 0.03%, as traders await new ECB head Christine Lagarde\u2019s first official speech later in the day.<\/p>\n\n\n\n The EUR\/USD<\/a> pair was also near flat. The Bank of England\u2019s newly renamed Monetary Policy Report is out on Thursday.<\/p>\n\n\n\n The AUD\/USD<\/a> pair inched up 0.1%. The Reserve Bank of Australia\u2019s rate decision is due on Tuesday.<\/p>\n","protected":false},"excerpt":{"rendered":" The British Pound was little changed on Monday in Asia as investors wait to hear the first speech from the new head of European Central Bank (ECB). The U.S. Dollar Index that tracks the greenback against a basket of other currencies was unchanged at 97.041 by 12:19 AM ET (04:19 GMT). U.S. nonfarm Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1823","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/comments?post=1823"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1823\/revisions"}],"predecessor-version":[{"id":1824,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/1823\/revisions\/1824"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=1823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=1823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=1823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}