By Karen Brettell NEW YORK (Reuters) -The dollar dropped against the euro and yen on Monday as investors continued to digest last week’s mixed U.S. economic data and looked ahead to a key inflation reading for fresh clues on when the Federal Reserve is likely to begin cutting interest rates. The greenback initially bounced on Friday after data showed that U.S. employers hired 216,000 workers in December, above economists’ expectations in a Reuters poll, while average hourly earnings rose 0.4%, which was also above expectations. The U.S. currency then dropped, however, as investors focused on s…

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