SINGAPORE (Reuters) - The dollar clawed back its losses on Monday, recovering from a knee-jerk reaction to data showing U.S. job gains were the smallest in two-and-a-half years, while disappointing inflation figures in China weighed on the yuan and proxies.
Nonfarm payrolls increased 209,000 in June, figures released on Friday showed, missing market expectations for the first time in 15 months.
However, details in the employment report reflected persistently strong wage growth, pointing to still-tight labour market conditions.
The U.S. dollar marched higher in Asia trade after tumbling nearly 1% against a basket of currencies on Friday in response to the data, and rose particularly against the Japanese yen.
Nonfarm payrolls increased 209,000 in June, figures released on Friday showed, missing market expectations for the first time in 15 months.
However, details in the employment report reflected persistently strong wage growth, pointing to still-tight labour market conditions.
The U.S. dollar marched higher in Asia trade after tumbling nearly 1% against a basket of currencies on Friday in response to the data, and rose particularly against the Japanese yen.
Trade closed: stop reached