The week-on-week market saw the US dollar remain trading around its 2-and-a-half-year low after ending weekend trading higher against most major currencies.
The U.S. economy showed slower growth by adding 245,000 jobs in November, beating market expectations to rise by 480,000 and a previously recorded reading of 610,000.
The rise of the US dollar as a safe-haven in weekend trading has interpreted market concerns over the recovery of the employment sector which lost momentum following the resurgence of the coronavirus pandemic.
Meanwhile, the 10-year US treasury yield also rose to an 8-year high of 0.986% on Friday, raising USD trading against the Japanese yen.
However, the opposite situation occurred in the stock market which also showed a surge to the highest on Friday.
This is because, investors think the weakness will put pressure on the US administration to launch more fiscal stimulus packages to support the economy.
This has maintained market sentiment to remain positive overall at the beginning of the week and restricts the movement of the US dollar against risky currencies, besides being supported by the positive outlook that the Covid-19 vaccine will be distributed before the end of this year.
