Zhang Mengying

Investing.com – The dollar was down on Monday morning in Asia, but moves were small as investors bet on more interest rate hikes over an upbeat U.S. job report.

This chart tracks how the greenback compares to other currencies. It was at 102.118 by 11.34 ET (03:34 GMT)

This pair dropped by 0.2% to 130.59

The pair fell 0.17% to 0.77195 and the pair dropped 0.08% at 0.6503.

While the pair fell 0.10% at 6.6538, it rose 0.05% to 1.2491.

China’s released earlier in the day rose to 41.4 in May from 36.2 in April, , pointing to a slow recovery despite China’s easing COVID-19 curbs in cities such as Shanghai. China’s and are due on Friday.

Friday’s report showed that 390,000.00 jobs were added by employers in May. That is more than the forecasts made by Investing.com, and 43.6 thousand in April. However, the upbeat jobs report added to investors’ bets that the U.S. Federal Reserve remains assertive on inflation.

Now, investors are awaiting data to get more information about monetary policy. This data is expected on Friday.

Eurozone inflation reached a record-breaking high of 3% in May. This week, the European Central Bank will stop buying bonds and join global peers to tighten monetary policy to combat high inflation. On Thursday, the European Central Bank (ECB) will announce its policy decision.

Investors are currently pricing in 125 basis points of hikes at the ECB’s four meetings this year.

“With (euro area) inflation yet to peak, in our view, the onus falls on the ECB to push back against the possibility of a 50bp hike in July,” analysts at Barclays) told Reuters.

“However, if President Lagarde were to leave all options on the table, market pricing is likely to continue the advance, providing a basis for to recover.”

Cryptocurrencies remained steady at $30,000, but was slightly more firm at $30,000.