LONDON—The dollar was steady on Monday as a holiday in most major Asian markets subdued the start of what could turn into a busy week, with all eyes on U.S. inflation data for clues on when the Federal Reserve may start to cut rates.
The euro was down a whisker at $1.0778, edging off a 10-day high touched in early trading after the past week saw a small bounce back after steady declines in 2024. A reading of the eurozone’s economic growth in the fourth quarter on Wednesday could offer fresh direction.
