The dollar held its footing against a basket of its major rivals on Monday after U.S. job data reinforced investors' expectations the Federal Reserve will gradually raise interest rates this year.

The Dollar Index, which measures the greenback against a basket of six other major currencies, was about 0.1 percent higher at 95.259, inching back to a more-than-one-year peak of 95.652 reached on July 19.

Investor attention has shifted to the yuan after the People's Bank of China on Friday made it more expensive to bet against the currency, which helped it rebound from a near 15-month low against the greenback.

U.S. job growth slowed more than expected in July, but a fall in the unemployment rate suggested that labor market conditions were tightening.

The Fed kept rates unchanged as widely expected last Wednesday, and gave an upbeat assessment of the world's biggest economy.

EUR/USD could drop sharply after slipping to a 4-1/2-week low on Monday. Recent multi-month lows around 1.1507 stands in the way of a deeper pullback in the pair.

The single currency traded below 1.1560, to an intra-day low of 1.1549, its lowest level since June 28.