Collection of global paper currency, on December 16, 2021.

The dollar ebbed on Monday on renewed expectations of a rate cut by the Federal Reserve in March, while the Chinese yuan struggled near a one-month low ahead of a slew of economic data this week.

China's fourth-quarter gross domestic product, or GDP, December industrial production, retail sales and unemployment rate are among the economic indicators out on Wednesday, which are likely to provide further clarity on the pace of recovery in the world's second-largest economy.