The dollar edged higher on Wednesday, supported by renewed Gulf tensions and ahead of key U.S. inflation data. The U.S. dollar index rose 0.05% to 99.85, while the euro slipped 0.05% to $1.1536. Oil prices increased after the U.S. and Yemen's Iran-aligned Houthis reported separate shipping attacks, with Tehran threatening to close the Strait of Hormuz. Markets await inflation figures expected to show a pickup, which could influence the Federal Reserve's next rate move. The yen weakened 0.05% to 159.38 per dollar, despite recent joint intervention by U.S. and Japanese authorities.
