The US dollar is recording some modest gains over other major currencies during early Monday trading, reversing some of the losses suffered on Friday in the aftermath of a weaker than expected jobs report. However, the disappointment of Friday has in the meantime been replaced by a realistic stance that is once again supporting the greenback, reflecting the fact that despite the number of new jobs falling short of the expectations, growth prospects for the US remain more encouraging than for other leading economies, especially as the approval of President Biden’s stimulus package by the senate is becoming increasingly likely.
