Dollar Sits at Near 2-Week Low; US Inflation Test Looms

Dollar Sits at Near 2-Week Low; US Inflation Test Looms
The employee of a currency exchange shop counts U.S. dollar banknotes in Ciudad Juarez, Mexico, on July 27, 2023. Jose Luis Gonzalez/Reuters
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SINGAPORE/LONDON—The dollar meandered near a two-week low on Thursday ahead of U.S. inflation data that will help shape the Federal Reserve’s next policy steps, a day after the release of minutes from the Fed’s last meeting showed policymakers taking a cautious stance.

The dollar index, which measures the U.S. currency against six rivals, was at 105.69, broadly flat on the day, but not far from 105.53, its lowest since Sept. 25 touched earlier in the day.