Against the euro the greenback held a small Monday gain to trade at $1.1861, with the common currency also weighed after European Central Bank President Christine Lagarde hinted at a dovish shift to the rates outlook for Europe.Other majors were also largely steady early in the Asia session, as markets await the inflation data due at 1230 GMT - leaving the dollar holding modest gains against sterling the Australian and New Zealand dollars and the Japanese yen.
"We know inflation will be transitory – it's a question of how long it takes for the year-on-year change to head back to 2%," he said. "A number below 4.5% on the headline print and we should see USD/JPY and USD/CHF under pressure." The Australian dollar was broadly steady at $0.7487, as was the kiwi at $0.6991. Sterling held at $1.3892 amid nerves about England abandoning COVID-19 restrictions next week even as cases keep on climbing.
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