Dollar subdued as investors look to key U.S. inflation gauge

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The U.S. dollar was subdued on Tuesday as investors looked to U.S. inflation data due later in the week after softer-than-expected jobs data quelled expectations of an early tapering in the Federal Reserve's stimulus.

The euro fetched $1.21915 , bouncing back from its three-week low of $1.2104 set on Friday while the dollar eased to 109.26 yen , losing steam after having hit a two-month high of 110.325 late last week.

Friday's jobs data, which showed U.S. non-farm payrolls increasing by 559,000 in May, fell 90,000 jobs short of expectations. The British pound hardly budged at $1.4169 while the Australian dollar was unchanged at $0.7753 , both stuck in ranges seen over the past couple of months.

 

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