During Monday's trading, the dollar remains stable against most world currencies following the release of U.S. consumer price data.

The U.S. Commerce Department report showed that consumer prices in February rose by 0.3% after a 0.4% increase the previous month. Economists had expected consumer prices to rise by 0.4%. At the same time, the year-on-year increase in consumer prices accelerated to 2.5% from 2.4% in January, aligning with Wall Street forecasts.

These figures have strengthened expectations that the Federal Reserve (Fed) might cut interest rates in June.

Current data from CME FedWatch indicate that markets are pricing in a 68.5% probability of a Fed rate cut in June, up from a 57% chance at the end of last week.

Citi analysts have stated, "If activity remains, the Fed could conduct three rate cuts this year. However, further easing in labor market conditions leads us to anticipate five rate cuts this year."

The U.S. Dollar Index (DXY), which tracks its performance against a basket of world currencies, has decreased by 0.03% to 104.5.