Dollar Edges Higher Ahead of CPI Data; Sterling Weakens.
The U.S. dollar traded in a tight range in early European trading Thursday ahead of the release of widely-watched U.S. inflation data, while sterling edged lower ahead of the potential end of the Bank of England’s emergency bond-buying program.
At 03:00 ET (07:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, edged 0.1% higher to 113.332, remaining close to a 20-year peak.
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