Dollar Holds Steady After Strong US Data Dents Rate-Cut Hopes

Dollar, Euro, and Pound banknotes are seen in this picture illustration taken on April 28, 2017. Dado Ruvic/Reuters

LONDON/SINGAPORE—The dollar held steady on Monday after ticking higher for a fifth straight week on the back of strong inflation data, while the yen traded near the psychologically important 150 level.

U.S. markets are closed for the Presidents’ Day holiday, with trading volumes likely to be low throughout the day.