REUTERS/Rick Wilking/File PhotoSINGAPORE, Aug 7 (Reuters) - The dollar was on the back foot on Monday after a mixed U.S. jobs report provided little directional conviction and as market focus turned to inflation data from the world's two largest economies due this week.
The U.S. economy added fewer jobs than expected in July, data on Friday showed, but it recorded solid wage gains and a decline in the unemployment rate.
"There was a narrative in there for everyone, depending on your bias," said Pepperstone's Head of Research Chris Weston of the jobs report.
U.S. inflation data is due on Thursday, where expectations are for core inflation to have risen 4.7% on an annual basis in July.
Elsewhere, the Australian dollar edged 0.1% higher to $0.6577, while the New Zealand dollar gained 0.18% to $0.6109.
Persons:
Rick Wilking, Chris Weston, Weston, Rae Wee, Jacqueline Wong
Organizations:
REUTERS, U.S, Sterling, New Zealand, Bank, Japan, Thomson
Locations:
Westminster , Colorado, SINGAPORE, U.S, Friday's, China, Asia