DXY Slides as Inflation Reports Loom
The US Dollar Index (DXY) is trading at around 98.70 on Thursday, weakening for the fourth consecutive day.
Market participants are closely watching the upcoming US Producer Price Index data due to be released today and Consumer Price Index data on Friday.
Economists polled by Reuters expect the Federal Reserve to hold interest rates steady at its September 15-16 meeting, despite market expectations for a series of hikes.