Dollar Dangles Near Two-Month Low Ahead of Inflation Data

The US dollar continues to hover near its two-month low against major currencies as investors wait for this week's inflation data to gain insight into the Federal Reserve's rate path.

The euro edged higher to $1.1558, close to its strongest level since mid-June, while sterling remained steady at $1.3490, near a five-week peak.

The yen held firm at 157.90 per dollar, having given back some intervention-driven gains but remaining well off the multi-decade low of around 164 hit late last month.

Data released on Friday showed the US economy unexpectedly shed jobs in July and job gains for the prior two months were revised sharply lower, cooling expectations for a Fed rate hike next month.