The US dollar steadied at a near two-month low on Monday following Friday's soft jobs data, as investors awaited this week's inflation data for more clues on the Federal Reserve's rate path. Data on Friday showed the US economy unexpectedly shed jobs in July while job gains for the prior two months were revised sharply lower, cooling expectations for a Fed rate hike next month. The futures market scaled back the chance of a September move to around 44% from 67% a week ago, and US Treasury yields largely maintained their declines, with benchmark 10-year notes last at 4.647%. The euro was little changed at $1.1563, sterling was steady at $1.3496, and the yen weakened to 158.52 per dollar, continuing to pare intervention-led gains. Speculators slashed their bearish bets on the yen by the most in over 12 years, with the net short position falling by $8.865 billion to $3.604 billion in the week to August 4, according to CFTC data.
