Dollar Holds Ground Ahead of Inflation Data; Aussie and Kiwi Retreat on Growth Concerns
• Dollar steady ahead of key US inflation data that could provide clarity on Fed policy outlook • Yen struggled near 145 per dollar level due to broad bounce in dollar • Aussie and Kiwi nursing losses after falling sharply last week amid cautious risk sentiment • Dollar's rally underpinned by rebound in US Treasury yields as traders temper Fed rate cut expectations • Upcoming Australian inflation data needs to show easing in core measure for RBA policy outlook