Investing.com - The dollar held steady against other major currencies on Monday, as markets were still digesting Friday's flurry of U.S. economic reports and investors awaited additional information on a U.S. tax reform plan.
The Labor Department said on Friday that the U.S. economy added 261,000 jobs in October, falling short of forecasts for 315,000 new jobs. The unemployment rate ticked down to 4.1%, its lowest level since December 2000.
However, some investors believe the data was distorted by the effects of recent hurricanes in the U.S.
Shortly after the report, the greenback was lifted by upbeat U.S. factory orders and ISM non-manufacturing PMI data.
Market participants were also focusing on U.S. President Donald Trump's visit to Asia. Trump said Monday that Washington would work with Tokyo to sort out problems on trade between the world's biggest and third-largest economies.
Earlier, Trump vowed to push for a free and balanced trade partnership with Japan after decades of "massive trade deficits" but said relations with close ally Tokyo were "better than we have ever had".
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 94.55 by 05:15 a.m. ET (09:15 GMT).
USD/JPY was almost unchanged at 114.15, just off am eight-month high of 114.73 hit overnight, after Bank of Japan Governor Haruhiko Kuroda said on Monday that the central bank will continue with its monetary easing policy, but added that the bank was closely watching the economic effects of prolonged stimulus.
The euro was steady, with EUR/GBP at 1.1601.
Elsewhere, GBP/USD rose 0.18% to 1.3100, while USD/CHF added 0.09% to trade at 1.0014.
The Australian dollar was moderately higher, with AUD/USD up 0.09% at 0.7658, while NZD/USD fell 0.22% to 0.6892.
The Reserve Bank of New Zealand earlier reported that inflation expectations for the next two years ticked down to 2.0% in the third quarter from 2.1% in the three months to June.
Meanwhile, USD/CAD held steady at 1.2758.