LONDON/SINGAPORE—The dollar languished near an eight-month low on Monday ahead of a slew of central bank meetings this week, while higher Spanish inflation data supported the euro ahead of euro area readings on Wednesday.
The U.S. dollar index, which measures the currency against a basket of its peers including the euro, was flat at 101.88, having hit an eight-month low of 101.50 last week.
It was down more than 1.5 percent in January and on track for a fourth consecutive monthly loss, pressured by expectations that the Fed is nearing the end of its rate-hike cycle and that interest rates would not have to rise as high as previously feared….