The dollar came under pressure on Monday and was heading for its second consecutive monthly loss against the euro and the pound, as traders assessed the impact of a surge in U.S. inflation before monthly jobs data later this week.
With London and New York markets closed for a holiday, the dollar index of major currencies fell 0.1% to 90.044 at 1350 GMT
On Friday, data showing a key measure of U.S. inflation at a 29-year high briefly boosted the dollar to a two-week high.
The euro was flat at $1.2195, off Friday’s low of $1.2133. The British pound edged 0.1% lower at $1.4173 .
In holiday-thinned trade, investors weighed the impact on U.S. assets of rising price pressures and a dovish Fed. Despite rising inflation, markets don’t expect a rate hike well into the back end of 2022.
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