After the drop on Friday following the US jobs report, the dollar is keeping steadier today so far. That as broader markets are also keeping the calm for the most part. Fed expectations are now re-anchored in favouring a September rate cut while equities have gone from fearing about the economy to cheering on the potential for rate cuts today.

EUR/USD is down 0.2% to 1.1560, with large option expiries also playing a role in placing goalposts on price action today. Meanwhile, USD/JPY is up 0.4% to 147.97 while USD/CHF is also seen up 0.6% to 0.8085 currently.

Elsewhere, commodity currencies are lightly changed against the greenback with USD/CAD flat at 1.3781 and AUD/USD marginally lower by 0.1% to 0.6471 currently.

All in all, the changes are light as these key near-term levels are in play now as we get into the new week: Dollar momentum quelled after the weak US jobs report