Currencies: Dollar pares gains, as sterling holds losses after disappointing U.K. data

The U.S. dollar edged slightly higher against its main rivals on Wednesday as the British pound fell from a new post-Brexit high on disappointing inflation data, and the Canadian dollar slipped as the Bank of Canada left rates unchanged.

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What are currencies doing?

The ICE U.S. Dollar Index DXY, +0.17% which measures the buck against its six main rivals, up by roughly 0.1% at 89.580. The broader WSJ U.S. Dollar Index BUXX, +0.07% was little changed though in the green at 83.64.

The pound GBPUSD, -0.5878% dropped to $1.4229 from $1.4290 late Tuesday in New York.

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