The US dollar index, which measures the greenback against a basket of currencies, was steady at 110.17 after a 0.57% overnight gain, and remained not far below a 20-year high of 110.79 hit this month.
“The next level we see the getting to in the near-term would be 112 points,” said Kristina Clifton, a senior economist and senior currency strategist at Commonwealth Bank of Australia. Sterling last traded $1.1381, languishing near a 37-year low of $1.1351, while the euro was 0.02% lower at $0.9967, extending by a smidge its 0.56% fall overnight.
The Canadian dollar fell to a two-year low overnight after official data showed a surprise slowdown in inflation.
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