Banknotes of Chinese yuan and U.S. dollar are seen in this illustration picture taken September 29, 2022. REUTERS/Florence Lo/Illustration

TOKYO, Aug 10 (Reuters) – The dollar held near the centre of its range this week against a basket of major peers, as investors awaited key U.S. inflation data later Thursday that could influence the path for Federal Reserve policy.

The U.S. currency edged to a one-month high versus the yen as markets took the view that the Bank of Japan will be slow to exit stimulus, even with traders mostly betting the Fed is done with rate hikes.

The Australian and New Zealand dollars hovered close to two-month lows amid a worsening economic outlook for key trade partner China. The yuan pulled a bit further from a one-month trough after the People’s Bank of China again set a stronger than expected official exchange rate in a sign of displeasure at recent weakness

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