Currencies on Guard Ahead of Major Central Bank Decisions, US Data Releases

CURRENCY - SINGAPORE. The dollar was nursing losses on Monday while the euro and sterling held steady ahead of their respective central bank decisions this week, with focus squarely on the rate outlooks across major economies as the new year approaches.

Currencies were largely rangebound in early Asia trade, as investors braced for a busy week which will also see the release of U.S. inflation data and the closely watched nonfarm payrolls report.