By Lisa Twaronite
On Wall Street on Monday, the Dow Jones Industrial Average edged down 0.05 percent, the S&P 500 gained 0.17 percent, and the Nasdaq Composite added 0.29 percent. After the best start to a year in more than a decade, investors turned cautious ahead of earnings.
The dollar index, which tracks the greenback against a basket of six major rival currencies, was steady on the day at 93.348.
The euro was steady at $1.1967, not far from its nearly four-month high of $1.2089 set on Thursday.
Against the yen, the dollar edged up 0.1 percent to 113.14.
Underpinning the dollar, investors bet on further U.S. interest rate hikes after Friday's payrolls data did nothing to challenge the outlook for monetary policy tightening by the U.S. Federal Reserve. While job growth slowed more than expected, a pickup in monthly wages pointed to labour market strength.
"There was nothing in there to dissuade us from the view that the Fed will move again, appropriately, likely in March," he said.
But the dollar's upward momentum was tempered as investors differed on the pace of tightening while U.S. inflation remains relatively cool.
Brent had not yet traded in Asia, while U.S. crude rose 43 cents, or 0.7 percent, to $62.17 a barrel.
Spot gold was down 0.2 percent at $1,317.66 an ounce, pulling back from a 3-1/2-month high hit last week.
(Reporting by Lisa Twaronite; Editing by Sam Holmes)
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