The start of trading earlier in the week saw the greenback dollar rise slightly after falling lower over the weekend as NFP employment reports released on Friday showed slower-than-expected growth.
This has led some investors to lower hopes for the US economic recovery and release their holdings on the US dollar.
The U.S. economy reported lower growth than expected in January and the number of job losses was deeper than previously thought, further reinforcing that support for the Covid-19 stimulus package was implemented.
Treasury Secretary Janet Yellen says America could return to full employment targets by 2022 if it implements a strong enough stimulus package.
But at the same time, the data also shows that the US unemployment rate recorded a better-than-expected decline.
Meanwhile, the euro maintained gains following the depreciation of the US dollar and was also supported by a statement by European Central Bank (ECB) President Christine Lagarde who hoped the European Zone recovery would increase in the summer.
The pound sterling continued to perform well by trading around a two-year high, amid increased vaccination efforts across the UK and supported by monetary policy decisions by the Bank of England (BOE) that reduced expectations for negative rates.
On the other hand, commodity-related currencies traded stable by showing a modest rise against the greenback dollar during the Asian session.
