The dollar traded mixed versus its Group-of-10 peers within tight ranges, as traders are in waiting mode before the release of inflation data out of the US and a plethora of Federal Reserve speakers due this week.
The Bloomberg Dollar Index erased modest gains to slip on the day; 10-year Treasury yields holds at 4.49%.
NY Fed one-year inflation expectations due later Monday, US PPI data Tuesday and CPI the following day will provide the biggest test yet of the bond rally that started this month, when Jerome Powell swatted away worries that policymakers may raise interest rates; Fedspeak spans throughout the week.
Overnight weighting of US CPI release modestly picks up in the past few sessions, a Europe-based trader says.
EUR/USD rose a fourth week Friday and climbs 0.1% to 1.0783; one-week risk reversals trade at parity.
USD/JPY up 0.1% to 155.96 day high; the yen gained earlier as Japan trimmed bond buying amid pressure on the currency, yet the move was short lived.
GBP/USD up 0.1% at 1.2536, gains a third day; focus is on jobs market data due Tuesday, which is expected to show unemployment edging higher and wage growth cooling slightly.
Source : Bloomberg
