Dollar Stalls Near Two-Month Low as Investors Await Inflation Data

The US dollar remained near its two-month low against major currencies on Monday as investors awaited this week's inflation data for clues on the Federal Reserve's rate path.

The dollar index, which tracks the currency against six major peers, was little changed at 99.6, holding steady near its lowest level since June 2.

The euro edged higher to $1.1558, nearing its strongest level since mid-June, while sterling remained steady at $1.3490, close to a five-week peak.

In Asia, the New Zealand dollar and Australian dollar each slipped 0.1% to $0.7062 and $0.5889 respectively.