On Monday, the dollar ceased the growth against other major currencies as employment data released on Friday continues to support the US currency, although the lowered expectations of a rate hike in the US in the near future constrain the uptrend.
In the United States there were created 242 000 jobs last month, which is more than expected, while the unemployment rate remained unchanged at 4.9%.
However, the average hourly wage fell last month by 0.1%, marking the first monthly decline in more than a year.
Weak wage performance indicated that consumer price inflation is likely to remain low. The officials responsible for the Fed policy consider inflation when deciding the timing of a rate hike.
EUR/USD dropped 0.27% to 1.0977.
Euro was under pressure after data showed that the amount of production orders in Germany fell 0.1% compared with an expected decrease by 0.3% in January. In December the index fell 0.2%, having been revised from 0.7%.
Domestic orders fell in monthly terms by 1.6%, indicating a weakening of demand in the Eurozone’s largest economy.
On Thursday, investors will focus on the next ECB meeting to determine the monetary policy, after the bank failed to meet expectations of investors in the December meeting.
USD/JPY fell 0.13% to 113.62.
The head of the Bank of Japan, Haruhiko Kuroda, highlighted the positive aspects of negative interest rate policy adopted by the Central Bank in January and entered into force on 16 February.
The policy is "working to increase stock prices and depreciation of the yen," said Kuroda during his speech in Tokyo.
The dollar rose against the pound and the Swiss franc: GBP/USD down 0.18% to 1.4201 and USD/CHF rose 0.49% to 0.9979.
Meanwhile, the Australian and New Zealand dollars fell: AUD/USD pair fell 0.24% to 0.7420 and NZD/USD fell 0.88% to 0.6758.
USD/CAD is traded at a fresh three-month low of 1.3310. The Canadian dollar was supported as oil prices climbed above $ 36 a barrel for the first time since 6 January.
USD index, which shows the relationship of the US dollar against a basket of major currencies, rose 0.16% to 97.42, falling from session highs of 97.70.