US$ pulls back but fall cushioned by jobs data

London

THE dollar weakened again on Tuesday, but clung on to most of its gains from last week's strong US jobs data despite doubts that the Federal Reserve will hike rates again in 2017.

The greenback had slumped to 15-month lows against its broad index last week after weak data bolstered the view that, having already increased interest rates twice this year, the Fed would now stay put until next year.