Dollar rally pauses ahead of US inflation test
The greenback was stabilising in the early Asian session after falling overnight and edging away from a more than two-year peak hit against a basket of currencies at the start of the week.
Its decline came in part due to a tame reading on U.S. producer prices, which pulled Treasury yields off their highs.
Against the dollar, the euro was some distance from a more than two-year trough and last bought $1.0301.
Sterling fell 0.09% to $1.2205, as it continues to come under pressure from rising borrowing costs at home and worries about Britain's fiscal health.
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