The dollar held firm against other major currencies in Asian trading, Monday, after a strong jobs report in the United States reinforced dealers' expectations that interest rates will remain high for a longer period.
The Australian dollar made up for early losses after a report showed a rebound in service activity in China, Australia's main trading partner. The yuan also got a boost in early trading, but then turned lower and hit a six-month low.
The Turkish lira has fallen more than 1 percent to continue losses since President Recep Tayyip Erdogan was re-elected for a new term, despite the appointment of the respected Mehmet Simsek as Finance Minister.
The rise in US Treasury yields boosted the dollar's position after Friday's data showed an increase in public and private sector jobs by 339,000 in May, far exceeding economists' expectations in a Reuters poll, with an increase of 190,000 jobs.
The dollar rose 0.04 against the Japanese currency to 140.01 yen, amid rising US Treasury yields for ten years by more than three basis points to 3.727 percent in Tokyo. On Friday, the dollar recorded an increase of 0.84 percent against the yen.
The euro fell 0.08% to $1.06995, extending the losses of the previous session when it fell 0.51%.
The Australian dollar settled at $ 0.6606, recovering from early losses when it fell 0.25 percent, with the support of new indications of China's recovery from the Corona epidemic.
The dollar rose 0.17 against the yuan to 7.1202 yuan in foreign trading, heading back to the highest level in six months at 7.1404, which it recorded on Thursday.
The Turkish lira fell to 21.14 per dollar, close to a record low it hit last week at 21.80 lira per dollar.
