Dollar Steadies, Yen Slips as Traders Grapple With Fed Rate-Cut Outlook

FOREX - SINGAPORE. The dollar recovered some lost ground on Monday while the yen pared its safe-haven gains, as investors who were undecided on the scale of a Federal Reserve rate cut expected later this month looked to this week's U.S. inflation data for more clues.

In China, data showed consumer prices accelerated in August to the fastest pace in half a year but producer price deflation worsened, reigniting calls for further stimulus measures to prop up a still-struggling economy.