Dollar flat as U.S. rate outlook clouds, pound firm

Investing.com - The dollar was mostly flat Monday as the outlook for a further U.S. rate hike this year dimmed.The dollar index was unchanged at 96.98 at 03:00 ET.The market odds of a U.S. hike later in the year have eased as inflation growth remains sluggish.The (pound) was firm above the $1.27 mark amid Brexit talks and speculation of a possible U.K. rate hike.PM Theresa May is due Monday to unveil details of its plans for EU citizens' rights in the U.K. post-Brexit.May's Conservatives remain in talks with the Democratic Unionist Party to form a government.The euro was steady at the $1.11 level after two Italian regional banks bailed out with public money.The dollar edged higher against the yen at the 111 mark.The Aussie and the loonie were underpinned by a recovery in oil prices.

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