Dollar licks wounds as China data looms

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Dollar licks wounds as China data looms
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A bruised dollar took respite on Monday after suffering its worst weekly drop of the year, as traders waited on economic data and policy decisions before selling it down any further.

Chinese growth data and loan-rate settings are due later in the session, ahead of U.S. retail sales and British inflation later in the week and a slew of central bank meetings next week.

Hikes are expected from the Federal Reserve and European Central Bank next week, but beyond that market pricing implies the Fed will likely stop, before cuts next year, while in Europe another hike probably beckons. The U.S. dollar index dropped 2.2% last week, its sharpest one-week fall since November, and was steady at 99.956 early in the Asia session on Monday.

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