The dollar fell after a mixed U.S. employment report gave little directional certainty and as market attention shifted to inflation data from the world’s two largest nations expected this week.
The US dollar index was recently at 101.98, close to Friday’s low of 101.73.
The US economy generated fewer jobs than predicted in July, according to figures released on Friday, but it also saw robust pay improvements and a decrease in the unemployment rate.
While the dollar sank to a one-week low versus a basket of currencies in the aftermath of the data, its losses were limited since the report indicated a still-tight labor market, implying the Federal Reserve may need to maintain interest rates higher for longer.
The pound gained 0.04% to $1.2756, while the euro fell 0.01% to $1.1010.
