The U.S. dollar stayed sideways against most major currencies on Wednesday, amid news about the coronavirus outbreak and the latest batch of economic data from across the globe. Traders were also awaiting the European Central Bank's monetary policy announcement, due on Thursday.
The dollar index, which declined to 97.44 early on in the session, climbed to a high of 97.69 by mid morning, before retreating and staying sluggish as the session progressed. The index was last seen at 97.50, down marginally from previous close.
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