The dollar thrashed its cuts on Monday after soft U.S. data expanded wagers the Federal Reserve will cut rates later this year while the pound floated close to nine-months high on hopes for a delay in Britain's exit from the European Union.

The dollar's index versus a basket of six major pears edged down 0.1 percent to 96.481, after having shed 0.81 percent a week ago, the largest loss since late August.

Weaker-than-prediction U.S. financial data on Friday cemented anticipations the Fed could strike a dovish stance this week, sending U.S. bond outputs down to 10-week lows.

U.S. industrial yield tumbled 0.4 percent in February, flagging for a second straight month, while factory activity in New York State was weaker than expected this month with an index reading of 3.7.

The 10-year Treasuries yield dropped to as low as 2.580 percent its lowest since Jan. 4, however Fed funds futures priced in about 40 percent chance of a rate cut present year, compared with nearly zero percent seen prior this month.