The dollar stabilizes as markets await Federal Reserve minutes

The US dollar steadied against major currencies as markets awaited the Federal Reserve's meeting minutes, seeking new cues on the trajectory of interest rate hikes. Meanwhile, the euro declined slightly by 0.1% to $1.1429, despite German data exceeding expectations with a 0.9% rise in industrial production in May, surpassing the anticipated 0.2%. Investors remained hesitant to take strong positions on the dollar ahead of the Fed minutes, amid ongoing watchfulness of geopolitical developments and energy markets in the Middle East.

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