LONDON (SHARECAST) - The dollar continued to fall on Monday after much stronger than expected data from China underlined confidence in the global recovery. The impact of Friday's jobs data also pressured demand for the greenback. Figures showed 85,000 jobs were lost in December. The weaker than expected data poured cold water on any hopes that the Federal Reserve will start raising rates any time soon. The dollar index, which measures the US currency against a basket of six others, fell 0.3% to 76.96, the lowest level since before Christmas. The dollar also came under pressure after a report out Sunday showed Chinese exports jumped 17.7% in December from the same time a month before. Exports increased 17.7%, reducing the dollar’s appeal as a safe haven. The dollar fell 0.8% against the euro and lost 0.2% to 1.027 yen. The dollar also weakened 0.8% against the pound, trading around $1.6157.

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