The US dollar began the week steady as investors analyzed US jobs data that showed signs of cooling, leading to expectations that the Federal Reserve was nearing the end of its monetary tightening cycle. Although US job growth picked up in August, the unemployment rate rose to 3.8% and wage gains moderated.

The economy created 110,000 fewer jobs than previously reported in June and July. The dollar remained close to its two-month peak of 104.44 against a basket of currencies, with markets pricing in a 93% chance of the Fed holding steady on rates this month and over 60% probability of no more hikes this year.