SINGAPORE, Jan 15 Reuters The dollar ebbed on Monday as investors revived their bets of early rate cuts by the Federal Reserve, while the yuan fell to a onemonth low after China39;s central bank surprised markets by keeping its mediumterm policy rate steady.

The People39;s Bank of China PBOC left interest rates unchanged when rolling over maturing mediumterm policy loans, defying market expectations for a cut to shore up China39;s bumpy postpandemic economic recovery.

That sent the onshore yuan sliding to a onemonth low of 7.1813 per dollar, while its offshore counterpart fell as far as 7.1906 per dollar, languishing near Friday39;s onemonth trough.

China39;s fourthquarter gross domestic product GDP, December industrial production, retail sales and unemployment rate are among the key economic indicators out on Wednesday, which are likely to provide further clarity on the outlook for the world39;s secondlargest economy.

In the broader market, traders also have their eye on a reading on UK inflation due later in the week, as the market focus remains on how soon major central banks globally could begin easing rates this year.

Sterling slipped 0.1 to 1.2730, though it remained close to a twoweek peak hit last week.

The euro hovered near the 1.10 mark and was last 0.13 higher at 1.0964. The dollar index dipped 0.1 to 102.30, having drifted largely sideways the past couple of sessions.

Bets for Fed cuts this year, beginning as early as March, have risen after data on…