HONG KONG—The dollar edged lower on Wednesday, ahead of U.S. inflation data which markets will scrutinize for guidance on how steeply the U.S. Federal Reserve will raise interest rates.
The figures were due at 1230 GMT. Economists expect year-on-year headline inflation to be running at a scorching 8.7 percent, a small retreat from June’s 9.1 percent. Core inflation is expected at 0.5 percent month-on-month.
