The dollar fell on Monday, after strong gains in the previous session, as investors focused on inflation data, which is expected to be published this week, and may determine the course of the currency in the long term. The dollar index fell against a basket of six major currencies, up 0.1 percent to 93.44 after climbing 0.75 percent on Friday, its biggest one-day gain since the beginning of 2017.  That rally lifted the US currency from its lowest level since May 2016, which hit Wednesday at 92.548.  The dollar hit a low level as weak US indexes bolstered the Federal Reserve's hopes to begin cutting its $ 4.2 trillion bond portfolio and ease the pace of interest rate hikes amid political tensions in Washington.  But strong employment data on Friday helped the dollar stop its decline.  US producer prices for July, as well as consumer price data on Friday, should confirm whether the labor market's strength extends to inflation.  The euro rose against the US currency to $ 1.17865 on Monday, after falling more than 0.7 percent on Friday.  Morgan Stanley analysts said they expected the single currency, which hit a two-and-a-half year high of 1.19105 last week, to fall to between $ 1.1650 and $ 1.1700 before resuming its bullish trend to $ 1.20 in the coming days.