Markets are still leaning towards a rate pause from the Fed at the next policy meeting.
Data on Friday showed U.S. economy added 339,000 jobs last month, higher than most estimates, bolstering expectations of Fed hikes in July, with markets tipping a 50% chance for that.
Markets are still leaning towards a rate pause from the Fed at the next policy meeting, but have priced out almost any chance of a rate cut by the end of this year. That in turn helped the dollar gain 0.5% on Friday and stay elevated at 104.16 against its peers early on Monday. The greenback jumped 0.8% on Japanese yen to 139.94 while the euro eased 0.5% to $1.0706 .
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