The dollar held on to previous session gains on Friday after hotter than expected inflation data prompted traders to trim wagers on rate cuts by the U.S. Federal Reserve. The euro and sterling were steady against the dollar after falling 0.

The dollar remained weaker after U.S. inflation data on Tuesday cemented expectations for the Federal Reserve to resume cutting interest rates in September. The data showed annual inflation held at 2.

The U.S. dollar slipped on Friday as investors remained cautious about the rate outlook ahead of import price data, after recent figures suggested inflation could accelerate in the coming months. The