Home Economy FOREX-Dollar stuck near 5-month low as caution reigns ahead of U.S. CPI,...

FOREX-Dollar stuck near 5-month low as caution reigns ahead of U.S. CPI, ECB tests

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    * FX volatility drops to lowest since February 2020
    * Traders watch for evidence of prolonged inflation
    * Bitcoin steady after biggest rally in four months

    By Kevin Buckland
    TOKYO, June 10 (Reuters) - The dollar hovered near a
five-month low versus major peers on Thursday as investors
looked to U.S. inflation data and a European Central Bank
meeting later in the day to provide a spur for lacklustre
currency markets.
    Investors have adopted a wait-and-see attitude all week,
sucking volatility from the market and leaving major currencies
mostly range-bound. 
    The dollar index has fluctuated narrowly around the
psychologically important 90 level, and was last at 90.206 - not
too far from last month's low of 89.533, a level not seen since
early January.
    The euro rose to a one-week high at $1.2218 on
Wednesday only to finish little changed, and was mostly flat at
$1.21635 in Asia.
    The yen traded at 109.565 per dollar, also...

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