The U.S. dollar turned in a sluggish performance on Wednesday with traders looking ahead to the crucial inflation data for the month of September, for clues about Federal Reserve's next move on interest rate hikes.
After staying weak during the Asian session, the dollar climbed higher, and after coming off the session's high, moved higher again after the Fed minutes indicated more aggressive rate hikes to tame inflation. However, it failed to hold at higher levels and dropped down again before finding some support.
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