Dollar Holds Steady on Lower Hike Expectations

The dollar has stabilized after the release of US inflation data on Wednesday, which dampened expectations of a near-term interest rate hike by the Federal Reserve.

The data showed that the dollar index remained unchanged at 100, but is poised for a weekly gain of around 0.4%.

In major currency markets, the euro was steady at $1.1523, while the pound slipped 0.05% to $1.3489.

The Australian dollar fell 0.2% to $0.7049, and the New Zealand dollar declined 0.4% to $0.5832.