The US dollar showed a decline against major currencies as investors continue to take profits from the recent surge of the dollar, while trade remained calm since the publication of important economic reports in the US was not in session.
On Friday, the dollar strengthened its position across the board after the US Labor Department reported that the US was established in May, 280 thousand. Jobs, more than the expected 225 thousand.
The level of hourly wages rose in May by 0.3% in April after increasing 0.2%.
The upbeat data, in particular the acceleration of wage growth, intensified speculation that the economy will show a rebound after weak growth in the first quarter, and raised expectations that the Federal Reserve may start raising interest rates already at the meeting in September.
The euro rose against the dollar, as the yield on 10-year bonds in Germany is growing, nearing a nine-month peak last week.
The yield on German bonds serves as a reference for the European financial markets and high yield raises the euro against the dollar. Yield increases as the price drops.
The recent rise in yields gave rise to signs of economic recovery in the euro area.
But investors remained cautious after earlier on Monday, German Chancellor Angela Merkel warned that "there are not a lot of time" to reach an agreement on reforms needed for Greece, most of the financial assistance.
In Athens on Friday to postpone the payment of debt to the International Monetary Fund, requesting to merge four of the June payment is one that Greece plans to pay at the end of the month.
In the focus were also the data for the euro area. The group Sentix said: June index of investor confidence fell to 17.1 points against 19.6 points in May. The last reading was the lowest since February of this year (when the figure was 12.4 points). Experts predicted that the index will fall to the level of 18.7 points. Recall, the level above zero reflects the prevalence of optimism, below - pessimism. Meanwhile, in a statement reported that the index of investor expectations will fall to 22.5 points in June, compared with 26.5 points in the previous month. It is worth emphasizing the decline of the index was recorded for the second time in a row.
The pair USD / JPY fell after rising to 13-year highs on Friday. The data showed that gross domestic product growth in Japan in the first quarter was revised on an annual basis to 3.9% compared with the original estimate of 2.4%. The revised growth of the Japanese economy in the quarterly equivalent of 1.0% instead of 0.6% preliminary assessment.
The Canadian dollar strengthened against the US currency. A report published by Statistics Canada, have shown that at the end of April, the number of building permits increased 11.6% to $ 7.8 billion. Meanwhile, the change for March was revised upward - up to 13.6% from 11 6%. On average, experts expect the growth rate to 3.4%.
Data provided by the Canada Mortgage and Housing Corporation (CMHC), have shown that at the end of May the number of bookmarks of new homes rose to 201,705 units compared to 183,329 units in April (revised from 181.8 thous.). In general, urban Share rose 10.8% to 185,235 units. Multi-city favorites have increased by 16.9% to 126,367 units, while urban single detached Bookmarks remained at 58,868 units, said the CMCH.