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Dollar firm on rate hike bets, pound off on Brexit concerns

01/09/2017

The dollar was firm Monday as U.S. payroll data bolstered expectations of further U.S. rate hikes.The dollar index was up 0.14% at 102.31 at 02:45 ET. It was up 0.35% at 117.44 yen with Japan closed for a holiday. U.S. Treasury yields firmed as data Friday pointed to growing wage pressure in the U.S.Sterling was down 0.93% at $1.2170, while the euro was up 0.03% at $1.0536.Remarks by U.K. PM Theresa May over the weekend pointed to immigration curbs as key to her policies.May said her priority was getting the right relationship with the EU rather than "keeping bits of membership".The PM rejected remarks that her Brexit policy is "muddled".