Dollar Stalls Near Two-Month Low Ahead of US Inflation Data
The US dollar is hovering near a two-month low against major currencies as investors await this week's inflation data for clues on the Federal Reserve's rate path.
The euro has edged higher to $1.1558, its strongest level since mid-June, while sterling remains steady at $1.3490, near a five-week peak.
The yen is holding firm at 157.90 per dollar, having given back some intervention-driven gains but remaining well off the roughly 164 multi-decade low hit late last month.
US Treasury yields have fallen as the jobs report dashed hike bets, with those on benchmark U.S. 10-year notes last at 4.637 per cent.