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Dollar keeps post-payrolls bounce, but bulls leery
The dollar got off to a steady start on Monday after signs of wage pressure in the December U.S. jobs report pushed up Treasury yields, but bulls were wary of a setback following last week's wave of profit-taking. A holiday in Tokyo kept trading light, and the dollar index was just a fraction firmer in early trade at 102.26, near the middle of last week's wide 101.30 to 103.82 range. The dollar was perched at 117.07 yen, having recovered all the way from a 115.06 trough on Friday, but remained well short of the next major chart target around 118.60. The euro stood at $1.0527, after ricocheting between $1.0339 and ... (full story)