SINGAPORE, June 12 Reuters The dollar steadied marginally on Monday but remained near multiweek lows against some major currencies as traders stayed on guard ahead of monetary policy decisions due this week from several central banks, including the Federal Reserve.

The U.S. currency was pinned near a onemonth low against the British pound and the Aussie at 1.2568 and 0.6740, respectively, with a holiday in most of Australia making for thinned trade.

Policy meetings of the Fed, the European Central Bank ECB and the Bank of Japan BOJ will set the tone for the week, as markets seek clues from policymakers on the future path of interest rates.

U.S. May inflation data is also out on Tuesday as the Fed kicks off its twoday meeting.

Any USD move should remain restrained and recent ranges should still hold ahead of FOMC, said Christopher Wong, currency strategist at OCBC. Perhaps a softer inflation print can negate USD39;s bullish pressure.

Money markets are leaning towards a pause from the Fed when it announces its interest rate decision on Wednesday, according to the CME FedWatch tool, expectations that sent Wall Street surging to a 13month high on Friday as risk sentiment improved.

The U.S. dollar index clocked a loss of nearly 0.5 last week, its worst weekly drop since midApril, and was last 0.09 higher at 103.62.

Conversely, a clear majority of economists polled by Reuters expects the ECB to hike its key interest rate by 25 basis points this week and again in July,…