SINGAPORE, May 20 (Reuters) – The dollar was broadly
steady on Monday as investors awaited further clues to help
chart the U.S. interest rate path in the wake of cautious
comments from Federal Reserve officials, even as inflation shows
signs of cooling.
The Japanese yen was flat at 155.74 per dollar,
with traders on alert for any signs of government intervention.
The currency has moved in tight ranges in the past couple of
trading days after a tumultuous start to May in the wake of
suspected rounds of currency interventions by Tokyo to prop up
the yen.
Data last week showed U.S. consumer prices for April rose
less-than-expected, leading to markets pricing in 50 basis
points (bps) of easing, or at least two rate cuts this year, but
various Fed officials have sounded words of caution about when
rates may fall.
That has prompted traders to trim…
