The dollar edged higher against major currencies on Thursday as traders anticipated the release of postponed U.S. consumer inflation data. Geopolitical tensions, including trade disputes between Washington and Beijing, kept markets on edge.
In Japan, the yen dipped to a one-week low against the dollar, with markets keenly waiting details of a proposed economic stimulus package by Prime Minister Sanae Takaichi. Meanwhile, sterling struggled following steady inflation data from the UK, which diverged from economists' predictions.
The market positioned a significant possibility of a rate cut by the Bank of England by December, although expectations fluctuated. While potential U.S. export restrictions to China stirred geopolitical waters, economic indicators focused largely on upcoming inter