SINGAPORE : The dollar steadied on Monday after its steepest weekly loss in more than a month, as traders weigh the effect of inflation on the relative pace of looming rate hikes - with a wary eye on U.S. growth data and a European Central Bank meeting.
On Monday, the dollar was firm at US$1.1643 per euro and found a footing on the yen at 113.54 after Friday's slide. The Australian and New Zealand dollars were held below the multi-month peaks they had scaled during last week. [AUD/] "Dollar risks remain skewed to the upside," said Kim Mundy, a currency analyst at the Commonwealth Bank of Australia in Sydney.
On Thursday, U.S. growth data is expected to show a slowdown in growth as consumer confidence has faltered, but a surprise on either side might have consequences for the interest rate outlook.
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