Dollar Steadies ahead of Global Inflation Data

Singapore, The dollar held steady on Monday, but was set for its first monthly loss this year, as investors were focused on US, European and Japanese inflation data to guide the global interest rate outlook. Several major pairs have hugged tight ranges. The euro, which gained 0.9% on the dollar last week, was in the middle of a range it has held for more than a year at $1.0846. Sterling was testing the top side of a range it has held this year at $1.2735. Australian and New Zealand dollars have eased from recent highs, leaving the Aussie at $0.6637 and the kiwi at $0.6122. The Swiss franc has been falling all year and at 0.9928 francs per euro touched the lowest since April 2023 last week. China's yuan finished last week weaker than 7.24 per dollar, its lowest level since early May. The Japanese yen was steady at 156.87 to the dollar on Monday. Source: Qatar News Agency