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The dollar index held around 98.8 on Thursday as investors awaited US inflation figures that could shape the Fed’s next policy decision. The US PPI for August is due later today, with the consumer inflation report on Friday.
The dollar index steadied around 98.8 Wednesday, pausing its decline as oil prices extended gains. Traders look ahead to US inflation data this week and are pricing a 60% chance of a 25-basis-point Fed hike.