The dollar extended losses on Wednesday after falling against major currencies overnight as upbeat US producer price data reinforced bets on a rate cut this year. Risk-sensitive currencies stayed strong after the unexpected softening in inflation buoyed equities, even with crucial US consumer price index (CPI) figures still looming later on Wednesday. The dollar index - which measures the currency against six major currencies - was steady at 102.63 after slumping 0.49% overnight. Sterling was steady at $1.2866, while the euro was flat at $1.0996 after rising to $1.099975. The dollar was stable at 147.06 yen as it continued to consolidate around the 147 level this week. The Aussie was little changed at $0.6637, while the kiwi edged up 0.07% to $0.6081. Source: Qatar News Agency
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