The dollar was little changed on Friday in choppy trading, coming off a three-week peak, after data showed the world's largest economy created more jobs than expected last month, suggesting the Federal Reserve would likely be in no rush to cut interest rates over the next few months.
The dollar index hit 103.10, its highest since mid-December, and was last flat at 102.4. On the week however, the dollar gained 1.05%, on pace for its best weekly rise since last July.
Post-data, rate futures traders have pared back easing bets at the March meeting to around 59%, from about 68% to 70% over the last week.
"We stand by our stance that calls for a first U.S. rate cut in March are premature, and that the Fed will need to see more evidence of a cooling in the jobs market, particularly in wages, to have confidence in achieving its medium-term inflation objective," wrote Matthew Ryan, head of market strategy at global financial services firm Ebury, in a note ..
"We stand by our stance that calls for a first U.S. rate cut in March are premature, and that the Fed will need to see more evidence of a cooling in the jobs market, particularly in wages, to have confidence in achieving its medium-term inflation objective," wrote Matthew Ryan, head of market strategy at global financial services firm Ebury, in a note ..
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