Investors await U.S. inflation figures amid geopolitical risks, keeping the dollar steady against major currencies.
The dollar remained flat at 99.97 on the index as markets balanced escalating U.S.-Iran tensions with anticipation of key U.S. inflation data. The euro held at $1.1541, while sterling traded near $1.3384, reflecting cautious sentiment ahead of economic releases that could influence Federal Reserve policy.
Recent clashes, including Iranian missile strikes on U.S. bases and retaliatory American actions, added to geopolitical uncertainty. However, analysts suggested broader sentiment still leaned toward potential diplomatic resolution, limiting currency volatility.
Focus now shifts to U.S. inflation figures, which may clarify the Fed’s rate trajectory under new leadership. Traders expect a breakout from the dollar’s current range, though direction remains uncertain.