Dollar sags as bond yields slip, Brexit in focus

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Dollar sags as bond yields slip, Brexit in focus
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The dollar sagged on Monday as bond yields extended their decline after a U.S. j...

TOKYO - The dollar sagged on Monday as bond yields extended their decline after a U.S. jobs report showed wage growth lose momentum even as employment increased.

However, other components of the U.S. employment report suggested the economy wasn’t firing on all cylinders. The dollar index against a basket of six major currencies inched down 0.15 percent to 97.253, retracing Friday’s modest gains. U.S. and Chinese negotiators wrapped up their latest round of trade talks on Friday and were scheduled to resume discussions next week to try to secure a pact that would end a months-long tit-for-tat tariff battle.

The dollar was 0.3 percent lower at 111.385 yen after briefly popping up to a three-week high of 111.825 on Friday following the U.S. jobs report.

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