Investing.com-- Most Asian currencies retreated on Monday as the dollar rebounded after a blowout nonfarm payrolls report saw fears of high for longer interest rates creep back into markets.
The US Dollar continues to see a lot of buyers against the yen, despite the fact that the pair had fallen rather hard in the early part of the week. This pair will continue to have an interest rate differential that attracts a lot of inflows.
The US dollar continues to see a lot of noise to the upside, as the interest rate differential continues to favor the upside and will continue to see a lot of buyers as a result.
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