The U.S. dollar wobbled on Thursday as new U.S. strikes in the Middle East undermined sentiment, while a surge in May U.S. consumer inflation to a three-year high kept investors uneasy about the Federal Reserve's monetary policy outlook.
The currency markets have been subdued this week, as investors weighed the fragile ceasefire in the Middle East against a renewed cycle of tit-for-tat strikes between the U.S. and Iran, eroding hopes for a near-term peace agreement.
