Dollar on Guard Ahead of Inflation Data, Euro Digests Germany’s Data

Dollar on Guard Ahead of Inflation Data, Euro Digests Germany’s Data
U.S. Dollar and Euro banknotes are seen in this illustration taken on July 17, 2022. Dado Ruvic/Illustration/Reuters
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LONDON/SINGAPORE—The dollar edged up on Monday after a mixed U.S. jobs report on Friday sent the U.S. currency to a one-week low, with market focus turning to inflation data from the world’s two largest economies due this week.

The euro weakened after data on Monday showed German industrial production dropped more strongly than forecast in June, underlining the challenges faced by manufacturing amid a downturn in Europe’s largest economy.