India, March 10 -- The U.S. dollar weakened against other major currencies in the Asian session on Monday amid prospects of the U.S. Fed cutting interest rates earlier after a report showed employment in the U.S. increased by slightly less than expected in the month of February. However, concerns remain that the U.S. trade war may hurt global growth and worsen inflation.
The weakness in the value of the U.S. dollar comes after the Labor Department released a report showing employment in the U.S. increased by slightly less than expected in the month of February.
The closely watched report said non-farm payroll employment climbed by 151,000 jobs in February after rising by a downwardly revised 125,000 jobs in January.
Economists had expect...