US Dollar Steadies After Rally on Strong Jobs Data as Asian Shares Rise Ahead of Pivotal US-China Trade Talks in London

The US dollar steadied on Monday following a recent rally, as market attention shifted toward upcoming trade talks between the United States and China scheduled to take place in London. Asian shares rose in response to stronger-than-expected U.S. employment data, which initially boosted the dollar. However, the currency's gains were pared as investors adopted a cautious stance ahead of the pivotal negotiations aimed at resolving ongoing trade tensions between the two countries. The dollar held steady against major currencies throughout the day, reflecting a balance between optimism from the positive jobs report and uncertainty surrounding the trade discussions.