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Dollar rises slightly ahead of US inflation data

The dollar edged higher as investors awaited key U.S. inflation data and the Jackson Hole symposium. Meanwhile, the Australian dollar climbed to a three-month high following strong domestic consumer price figures.

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

The dollar edged higher ahead of key United States inflation data on Wednesday, holding within a tight range against major peers. Traders awaited the figures to gauge Federal Reserve policy ahead of the Jackson Hole symposium.
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