The dollar edged lower as investors awaited the release of US CPI data.

the US dollar edged lower, but remained within a narrow trading range, as investors await the release of US consumer price index inflation data on Tuesday. The dollar fell last week, mainly due to weak employment data and the temporary appointment of Milan as a Federal Reserve Board member, increasing the possibility of a rate cut. Tuesday's data may show the early impact of US trade tariffs on inflation. Chris Weston of Pepperstone said the market is watching the extent to which core commodity inflation is affected by tariffs.