The dollar tried to recover After US Jobs Data Give Few Hints For Step Fed

The dollar tried to recover on Monday after weakening because of mixed US jobs data failed to provide much clarity on the time for Federal Reserve rate hike that has been long awaited by investors.

Non-farm payroll numbers rose below estimates for growth of 173,000 last month, the figure is slower than in July were revised to rise 245,000, and this is the smallest increase in five months. However, the unemployment rate dropped to near the lowest level in 7 1/2 years, and wages rose.

Head of global currency strategist at Citi said that the problem is these figures may be consistent with the best growth in GDP at the level of 2% to 2.5%, the level is good enough to start normaliasai US interest rates but still not enough to serve as a locomotive for the entire world ,

Those figures come against a backdrop of worries about global equity markets and economic slowdown in China, which has led investors to reduce confidence that the Fed will be the fastest Raise interest rates at a meeting this month.

Trading activity may be deserted than usual today, with US markets closed for the Labour Day holiday.

The dollar gained about 0.1% against the yen at 119.25, moving away from Friday's session lows at 118.60, while the greenback was lower by 1%.