Dollar Steadies After Payrolls Drop, Inflation Data Eyed The US dollar has stabilized at a near two month low following last week's underwhelming jobs report.
The market remains fixated on Wednesday's inflation data for signs of how the Federal Reserve might adjust its monetary policy. The soft labor market data has tempered expectations for a rate hike next month.
The unexpected decline in July and revised downward job gains for previous months have added significant weight to the upcoming Consumer Price Index (CPI) report.