Forex - Dollar Remains Broadly Higher Vs. Other Majors

Dollar still on the upside, despite inflation data

Investing.com - The U.S. dollar remained broadly higher against other major counterparts on Monday, despite Friday's disappointing U.S. inflation data, as political woes in Europe weighed in the single currency.

The greenback had weakened after data on Friday showed that U.S. consumer prices , both on a monthly and annual basis.

The report fueled uncertainty over whether the Federal Reserve will decide to raise interest rates before the end of the year.

Fed Chair Janet Yellen said Sunday that policymakers will be paying close attention to inflation data in the months ahead. She also said that the economy remains strong and the strength of the labor market calls for continued gradual increases in interest rates despite soft inflation.

slid 0.30% to 1.1787 after Catalan President Carles Puigdemont failed to clarify whether he has declared the region's independence, in a letter to Madrid.

Spain had issued a Monday deadline for Puigdemont to clarify his intent, or face direct rule. Instead, the Catalan leader called for negotiation over the next two months.

Elsewhere, the pound was up 0.11% at 1.3304, still supported by reports late last week that the U.K. could stay in the European Union for another two years.

Elsewhere, held steady at 111.75, while was almost unchanged at 0.9750.

The Australian dollar was lower, with down 0.24% at 0.7876, while eased up 0.08% to trade at 0.7190.

The Canadian dollar was lower, with up 0.19% at 1.2491.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.16% at 93.07 by 05:20 a.m. ET (09:20 GMT).

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