Dollar licks wounds after payrolls shock, focus turns to inflation By Reuters – Investing.com

Dollar licks wounds after payrolls shock, focus turns to inflation By Reuters – Investing.com

By Kevin Buckland

TOKYO (Reuters) - The dollar languished near a more than two-month low versus major peers on Monday as investors continued to assess the implications for monetary policy of a disappointing U.S. employment report, ahead of inflation data this week.

The U.S. created only a little more than a quarter of the jobs that economists had forecast last month and the unemployment rate unexpectedly ticked higher, pouring cold water on speculation the pandemic recovery could spark faster inflation that the Federal Reserve anticipates.