Forex - Major currencies

LONDON (AFX) - Major currencies continued to trade within very tight ranges as investors stayed on the sidelines ahead of a heavy week for data and with US markets closed for the Presidents' Day holiday todayMarket focus this week will centre on the release on Wednesday of US inflation data and the minutes from the Federal Open Market Committee meeting earlier this monthThough the dollar remains weak, analysts believe the currency will rebound towards the end of the week, particularly if the inflation figures reflect last week's huge surge in US producer prices. "If the higher PPI translates into a higher CPI, markets will conclude that the Fed will increase the pace of interest rates hikes,