2015.01.0901:29:38UTC+00US dollar stills advance against euro on rate warning

The US dollar halted its five-day gain versus the euro as Federal Reserve of Minneapolis President Narayana Kocherlakota warned increasing interest rates this year might hold back recuperation in inflation.

In his speech at a town hall meeting in Minneapolis, Kocherlakota added the jobless rate was still elevated, compared with the Fed’s projections of long-run value even after a rapid fall in 2014.

The greenback declined for the first time in three days versus the Japanese yen as economists predicted US jobs data due Friday might show employers added more than 200,000 jobs.

The currency dropped 0.1% to $1.1808 per euro following it climbed to $1.1754 yesterday, the firmest since December 2005. It also slid 0.2% to ¥119.37.