Dollar gains ahead of U.S. inflation report
The dollar rose slightly ahead of the release of U.S. consumer price data for July, with the dollar index increasing by 0.06% to reach 99.83 points. Meanwhile, the euro declined by 0.02% to $1.154, the Japanese yen strengthened to 159.28 per dollar, and the Australian dollar increased to $0.7056. Investors expect the inflation data to provide clues about the direction of monetary policy and its impact on the U.S. currency.
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