A Chinese 100 yuan banknote, a 1 U.S. dollar bill and a 50 euro banknote are lying on a table.
The dollar was steady in the Asian morning, with market participants moving cautiously ahead of the two-day FOMC meeting that kicks off on Tuesday.
"I suspect that the FOMC meeting will not be as dovish as current market pricing suggests," said Matt Simpson, senior market analyst at City Index.
The data will give another indication of whether the world's largest economy remains strong after the Fed's aggressive hiking campaign.
Sterling was last trading at $1.2716, holding firm ahead of the Bank of England's monetary policy meeting this week.
Persons:
Jerome Powell, Matt Simpson, hasn't, Sterling, Wei Liang Chang
Organizations:
U.S . Department of Labor, U.S ., Central Bank, Bank, DBS, Fed
Locations:
U.S