The moves continued the trend lower for the dollar, which in the final three months of 2022 posted its biggest quarterly loss in 12 years. The dollar index was at a 7-month low, last down 0.2% at 103.54. FOCUS ON INFLATIONBut, with consumer inflation data due later this week, it is the outlook for price pressures that is still front and centre for investors. Fed fund futures now show investors believe the most likely outcome for the Fed's February meeting is for a 25-basis- point increase. Optimism about a swift economic recovery sent China's offshore yuan to five-month highs against the dollar on Monday.

---