Doha: The US dollar held steady on Wednesday, maintaining earlier gains ahead of two key inflation reports this week-the Consumer Price Index (CPI) and Producer Price Index (PPI)-which are expected to offer fresh signals on the Federal Reserve’s policy outlook.

According to Qatar News Agency, the euro eased slightly to $1.1698 after a 0.5% drop in the previous session, while sterling traded at $1.3522. The yen was little changed at 147.42 per dollar.

The Australian dollar stood at $0.6587, hovering near a seven-week high touched on Tuesday.

The dollar index, which tracks the greenback against six major currencies, was steady at 97.834 after rising 0.3% on Tuesday.