TOKYO: The dollar steadied in holiday-thinned trade on Monday after U.S. jobs data showed job growth slowed further in August, while traders shifted their focus to the European Central Bank's meeting on Thursday.
Broader sentiment on the dollar remains weak after Federal Reserve Chair Jerome Powell reiterated on Friday that the central bank plans to keep U.S. rates lower for longer. "When stocks become unstable, the yen appreciates. What happens as a result is that a stronger dollar and yen bump into each other, meaning other currencies could weaken," said Minori Uchida, chief currency analyst at MUFG Bank.
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