Dollar stuck near 5-month low as caution reigns ahead of U.S. CPI, ECB tests By Reuters
By Kevin Buckland TOKYO (Reuters) - The dollar continued to hover near a five-month low versus major peers on Thursday as investors looked to key U.S. inflation data and a European Central Bank meeting later in the day to potentially set the direction for currency markets. Investors have adopted a wait-and-see attitude all week, sucking volatility from the market and leaving major currencies mostly range-bound. The dollar index has fluctuated narrowly around the psychologically important 90 level, and was last at 90.137. The euro rose to a one-week high at $1.2218 on Wednesday only...
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