Dollar Holds Together as US Interest Rates Expected to Continue Longer

The dollar held firm against other major currencies in Asian trading Monday, after a strong jobs report in the US reinforced dealers' expectations that interest rates will continue to rise for a longer period.

The dollar increased 0.04 against the Japanese currency to 140.01 yen, amid a rise in US Treasury yields for ten years, by more than three basis points, to 3.727 percent in Tokyo.

The euro fell 0.08 percent to USD 1.06995.

The dollar rose 0.17 against the yuan to 7.1202 yuan in foreign trading.

The Turkish lira fell to 21.14 per dollar, close to a record low it reached last week at 21.80 lira per dollar.

Source: Qatar News Agency