FOREX - Dollar Down on Profit Taking but Upbeat Outlook Remains

FOREX - SINGAPORE, May 27 (Reuters) - The dollar made a steady start to the week, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook.

Foreign exchange trade has been dominated by the hunt for "carry" in recent months, punishing low-rate currencies and supporting the dollar while U.S. data has blown hot and cold and dented policymakers' confidence on the rates outlook.