LONDON—The dollar fell on Monday, losing some of the gains it had made from Friday’s U.S. jobs data, as currency markets pulled back on their initial reaction and waited for Wednesday’s inflation data to give more clues about the Federal Reserve’s next steps.
Higher-than-expected U.S. employment figures last week saw the dollar strengthen against major peers because the data was seen by traders as an indication that the Fed could raise interest rates more aggressively to combat inflation.
