Dollar Stabilizes Near Highest Levels

Tokyo, The dollar hovered near a one-month peak against the euro on Tuesday, as traders braced for crucial US inflation data and Federal Reserve interest rate forecasts Wednesday. The dollar index, which measures the greenback against the euro, sterling, yen, and three other major peers, was little changed at 105.19, after reaching 105.39 on Monday for the first time since May 14. The dollar added 0.15% to stand at 157.275 yen. The euro was flat at $1.0764. It slid to as low as $1.0731 on Monday, a level last seen on May 9. The British pound also stabilized at $1.27355. Expectations indicate that US consumer price inflation to ease to 0.1% from 0.3% in May annually, and core price pressures to remain steady on the month at 0.3% monthly. Source: Qatar News Agency