The dollar consolidated near Friday's week-high as traders awaited the release of key US inflation data to gauge the Federal Reserve's policy trajectory.

The greenback held onto Friday's gains, with a Bloomberg survey pointing to some easing in October headline inflation. A downgrade in US credit rating outlook by Moody's Investor Service limited dollar dips while risk-on flows ahead of US President's meeting with his Chinese counterpart Xi Jinping later this week capped intraday strength.

"With 10-year yields steadying above 4.50% a firmer floor appears to be in place for the DXY around 105," Westpac strategists including Richard Franulovich wrote in note adding "Fed OIS swap pricing at +6bps over the next two meetings looks to be a touch on the light side too, especially with inflation now having a slight lean to toward a stronger Oct. core CPI."

The Bloomberg Dollar Spot Index was steady after staging a 0.8% weekly advance last week. Treasury yields were mixed and within tight ranges given Singapore holiday.

USD/JPY climbed for a sixth straight day, rising 0.1% to 151.60.

AUD/USD was steady at 0.6360 after slipping more than 2% through the past five days.

Source : Bloomberg