Dollar edges down after inflation data, ahead of FOMC

Dollar edges down after inflation data, ahead of FOMC

By Sinéad Carew

NEW YORK (Reuters) – The dollar index was down slightly on Thursday after alternating between losses and gains earlier in the session as investors digested elevated U.S. inflation and European Central Bank commentary while eyeing the U.S. Federal Reserve's next meeting.

After adopting a wait-and-see attitude all week, sucking volatility from the market and leaving major currencies mostly range-bound, Thursday's developments appeared to add little new direction to currency markets.