The dollar has edged lower against a basket of currencies this morning ahead of US inflation data, which is due to be released tomorrow.
Inflation is expected to rise to 7.3% year-on-year and core inflation is predicted to also rise to 5.9%. If the figures come in higher than expected, then the dollar could strengthen.
Federal Reserve official, Loretta J. Mester, will speak this afternoon ahead of the inflation figures tomorrow.
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