By Rae Wee
SINGAPORE (Reuters) -The dollar was adrift on Monday as markets looked ahead to a raft of U.S. labour market data this week that could determine the size of the Federal Reserve’s expected rate cut later this month.
Traders were also still assessing Friday’s U.S. inflation data and a court ruling that most of Donald Trump’s tariffs are illegal, as well as the U.S. president’s ongoing tussle with the Fed over his attempt to fire Governor Lisa Cook.
The dollar rose 0.1% against the yen to 147.20 in the early Asian session, after having clocked a monthly decline of 2.5% against the Japanese currency on Friday.
The euro was up 0.1% to $1.1693, while sterling edged 0.05% higher to $1.3510. U.S. markets are closed for a holiday on Monday.
Top of investors’ radar this week will be