Dollar Edges Higher Ahead of Inflation Data and ECB
The dollar ticked upward while oil prices surged amid ongoing geopolitical tensions. Meanwhile, global markets braced for upcoming interest rate decisions from the European Central Bank and the Federal Reserve.
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The dollar edged higher during Thursday's morning session, recovering some weekly losses as global bond yields climbed and energy markets reacted to escalating conflict involving Iran. The moves came ahead of an expected European Central Bank rate increase and crucial United States inflation data.
