The dollar index ticked up in Asian trade Thursday and remained above the 102.00
mark, near Wednesday's two-week high. Traders are waiting for U.S. Q3
preliminary GDP and the PCE price index later today; strong prints would
reinforce market pricing of a December Fed rate hike and push the dollar higher.
The Fed signaled a hawkish pause on Wednesday, so softer data may have limited
immediate impact. Qatar-led mediation is working to restart U.S.-Iran talks to
avert renewed conflict; a persistent geopolitical risk premium is likely to
attract dip-buying and cap downside for the dollar.