By Gina Lee

Investing.com – The dollar was down on Monday morning in Asia, but remained near the highs hit during the previous week, thanks to renewed concerns about China Evergrande The latest U.S. Jobs Report, which is due to be released later this week, and Group’s (HK) debt woes are both available.

By 11:39 ET (03:39 GMT), the that monitors the greenback against other currencies had dropped 0.04% to 94.052 (3:39 GMT).

This pair increased by 0.01% to 111.06

While the pair increased by 0.02%, 0.7258, it fell 0.13 to 0.6934.

With Chinese markets closing for the holiday, the pair remained steady at 6.4467. The pair fell 0.07% to 1.3536.

Hong Kong earlier that day, the suspension of shares in China Evergrande Group was announced. No reason was given for the suspension, which re-triggered fears about global contagion from the developer’s debt woes.

“There’s a bit of nervousness,” even if most traders still think China Evergrande’s systemic risk can be contained, Bank of Singapore currency analyst Moh Siong Sim told Reuters.

It’s part and parcel of the “wall of worry” which could cause the market to “climb” but not if COVID-19 improves, growth stabilizes and inflation concerns diminish. For now, however, investor sentiment is still sour.

In the interim, the government will announce its policy on Tuesday. On Wednesday, they will release the next decision. Finally, on Friday, the Government will declare its decision.

On Friday, the U.S. Federal Reserve will release their latest jobs report. This is expected to prove sufficient to allow them to start asset tapering prior to the end 2021.

Chris Weston, Pepperstone’s head of research, said that the question was whether there is a number which alters Fed’s view about tapering bond purchases in November and what a really strong or hot number means against the background of rising stagflation concerns.”

The dollar could be on sale this week if U.S. Treasury finds additional buyers in non-farm payrolls.