Key Points
LONDON (Reuters) -The dollar was little changed on Monday in cautious during a U.S. public holiday, while risk-sensitive sterling slid ahead of a busy week for UK economic data...
Bets on Federal Reserve cuts this year, beginning as early as March, have intensified after data on Friday showed U.S. producer prices unexpectedly fell in December..
In the broader market, traders also watch out for UK inflation, jobs data and retail sales due later in the week, as markets continue to focus on how soon major central banks globally could begin easing rates this year..
In Asia, the yen remained under pressure, down 0.63% at 145.83 per dollar, moving closer to its lowest level since mid-December, on expectations that the Bank of Japan will keep its ultra-loose policy settings unchanged at its policy meeting next week...
The yuan fell on Monday to a one-month low after Chinas central bank surprised markets by keeping its medium-term policy rate unchanged, defying market expectations it would cut rates to shore up Chinas bumpy post-pandemic economic recovery...
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