Dollar steadies near 10-month lows

Investing.com - The dollar Monday edged off 10-month lows, with the pace of U.S. tightening questioned.The dollar index was up 0.14% at 95.03 at 03:00 ET after a low for the session of 94.86.Fed Chair Janet Yellen took a cautious approach to tightening in her two-day testimony to Congress last week.The market odds of a December Fed hike now stand below 50%.The dollar hit 10-month lows Friday after weaker-than-expected CPI and retail sales data.The euro was lower but held above $1.14 with the ECB expected to stand pat on policy at this week's meeting.The dollar edged higher against the yen at below the 113 level.The BoJ is also expected to keep policy on hold at its meeting this week.The (pound) edged lower but held above $1.30 as the debate about the merits of early U.K. tightening persist.The Aussie was lower despite China's second quarter GDP growth coming in above forecast at 6.9%.