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TOKYO (Reuters) – The dollar struggled near 3-1 / 2-week lows against its peers on Monday after US jobs data shows slower-than-expected growth, while the pound retreated as a key member of Britain's firm resigned over Prime Minister Theresa May's Brexit plan.
The dollar index against a basket of six major currencies. DXY was 0.1 percent lower at 93.962. .DXY.
It had lost nearly 0.5 percent on Friday and was 93.921, its lowest since June 14, after closely-watched U.S. wages indicators disappointed the market.
Data on Friday, October 14th, 2010, second half of the month. This head to high inflation estimates that the Federal Reserve would raise interest rates in 2018.
Nonfarm payrolls did a stronger than-expected 213,000 in June, Friday's data showed, this had little impact on currencies.
"The wages component has the focus for the market for a while now, rather than the nonfarm payrolls, and the dollar slipped accordingly. "The flattening of the US yield curve," said Junichi Ishikawa, senior forex strategist at IG Securities in Tokyo.
The 10-year Treasury yield US10YT = RR fell to its lowest level in nearly six weeks on Friday. As a result the spread between the two- and 10-year yields was at its flattest in 11 years.
The dollar was little changed at 110.42 yen after 0.2 percent on Friday. The euro was 0.1 percent higher at $ 1.1752. The single currency had risen 0.45 percent on Friday, when it brushed $ 1.1768, its strongest since mid-June.
The pound was effectively flat at $ 1.3295 GBP = D3.
Sterling had climbed to $ 1.3328 before in the session, its having since June 14, before pulling back after sources told Reuters British Brexit Secretary David Davis had resigned in a blow to Prime Minister Theresa May.
"The latest headlines are negative for the pound, but there are underlying expectations for the Bank of England to increase potential losses," Ishikawa at IG Securities said.
Reporting by Shinichi Saoshiro; Editing by Shri Navaratnam
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