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Dollar Holds Range Ahead of Inflation Data

The dollar traded in a narrow range during early Asian sessions as investors awaited key U.S. inflation reports and the upcoming Jackson Hole symposium. Meanwhile, oil prices slid following signs of Middle East de-escalation.

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U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration

The dollar held in a narrow range during early Asian trading on Wednesday ahead of upcoming PCE inflation data and the Jackson Hole symposium. The currency index remained near 98.918, snapping a three-day winning streak. Investors are weighing macroeconomic reports alongside geopolitical developments before Federal Reserve discussions.
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