- Cautious risk sentiment supports dollar vs riskier currencies
- ECB seen trimming pace of PEPP, but pledging copious support
- Chinese yuan steady after jump in China PPI
- Brazilian real, Turkish lira suffer big losses
TOKYO, Sept 9 (Reuters) – The dollar was supported on Thursday as doubts over the global economy’s strength subdued risk sentiment, while the euro steadied ahead of a European Central Bank policy meeting later in the day that is expected result in a reduction in stimulus.
The dollar index remained flat at 92.664 , after three consecutive days of rises.
And U.S. stocks to stepped back overnight from their high valuations as investors worried about the combination of slowing global growth, due in part to the spread of the COVID-19 Delta variant, and the potential tapering of central bank…