Dollar Steady as Markets Await Federal Reserve's Next Move

Investors look for guidance on interest rates amid mixed signals from Fed officials and easing inflation.

The dollar index remains stable as traders anticipate further Federal Reserve guidance on interest rates.
US consumer prices showed signs of cooling in April, leading to speculation of potential rate cuts this year.
Fed officials have issued cautious statements, causing uncertainty about the timing of rate reductions.
The euro and sterling are near two-month highs, while the Japanese yen remains weak amid intervention concerns.
Upcoming Fed meetings, economic data releases, and speeches from Fed officials are key focuses for investors.