The dollar index fell 0.09% to 102.09 after dropping 0.35% Tuesday as traders awaited U.S. September CPI data and Fed speeches. Markets priced a 77% chance the Fed will hold rates at its October meeting.
The dollar languished Wednesday as traders awaited U.S. inflation data and comments from Federal Reserve policymakers for clues on the timing of interest rate moves. The dollar index fell 0.09% to 102.09, following a 0.35% decline Tuesday.
September consumer prices are expected to rise 0.6% month on month, after a 0.4% increase in August, with annual inflation seen accelerating to 3.6% from 3.4%. Traders saw a 77% chance the Fed would leave rates unchanged at its October 27-28 meeting, up from 51% a month earlier. Fed officials Thomas Barkin and Michelle Bowman were due to speak Wednesday.
The euro rose 0.09% to $1.1208, the yen gained 0.08% to 158.19 per dollar, and sterling strengthened 0.15% to $1.3272. The Australian dollar rose 0.3% to $0.7001 after Chinese exports increased 36.3% year over year in September and imports rose 31.0%.
