Investing.com – The U.S. dollar edged higher Thursday, trading in a tight range ahead of next week’s all-important U.S. inflation data, while the pound slipped ahead of the Bank of England’s policy-setting meeting.
At 04:35 ET (08:35 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 105.605, rebounding after last week’s one-month low.
Tight trading range ahead of US CPI
The dollar has steadied this week, after last week’s sharp losses, after a number of Fed officials have pushed back against the idea that rate cuts are a certainty this year.
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