The
dollar languished at more than three-week lows against a basket of major
currencies on Monday after a strongly disappointing employment report prompted
investors to rule out the chance of a hike in U.S. interest rates this month.
The dollar index (DXY) stood at 94.161,
having been as low as 93.855 on Friday - a level last seen on May 12. It
tumbled 1.6 percent on Friday, posting its second biggest one-day drop this
year.
The
yen also hit a three-year high of 120.83 per euro on Friday before stepping
back to 121.50.
The euro held upper hand against the dollar, climbing to
its highest in three weeks at $1.1375 on
Friday though it has since drifted back to $1.1345.
BUY
EURINR ABOVE 76.25 TGT-
76.35-76.45-76.55 SL 76 BELOW
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