The dollar held firm against a basket of its peers on Monday after U.S. job data reinforced investors’ expectations the Federal Reserve will gradually raise interest rates this year.
The dollar, which measures the greenback against a basket of six other major currencies, was about 0.1 percent higher at 95.259, crawling back to a more-than-one-year peak of 95.652 reached on July 19.
Investor attention has shifted to the yuan after the People’s Bank of China on Friday made it more expensive to bet against the currency, which helped it rebound from a near 15-month low against the greenback.
U.S. job growth slowed more than expected in July, but a fall in the unemployment rate suggested that labor market conditions were tightening.
