Dollar Stabilizes Amid Inflation Report Anticipation

The US dollar index held steady at 98.918 in early Asian trading on Wednesday after snapping its three-day winning streak on Tuesday.

Investors are awaiting inflation reports from major economies, including the US, ahead of the Jackson Hole symposium this weekend.

The greenback remained rangebound against most of its major peers in the narrow trading range it has sat in for the past week.

Brent crude oil prices slid 2.1% to $86.68 as Iran restarted talks with Oman to manage the Strait of Hormuz and diplomatic negotiations between Washington and Tehran remained stalled.