2017.06.2301:44:00UTC+00Dollar Steady, Commodity Currencies Rally

The dollar was flat on Friday as traders stand on the sidelines ahead of the upcoming release of U.S. inflation-associated indicators, while commodity-linked currencies, such as the Canadian dollar maintained gains after crude oil prices rallied

The dollar index versus a basket of its major peers was effectively unchanged at 97.492. It reached a one-month peak of 97.871 after the Federal Reserve lifted rates in the previous week and signalled further monetary tightening later this year. However, it has been stuck in a tight range since, awaiting new impetus.

The dollar was unchanged at 111.320 yen against the Japanese currency. It hit an almost one-month high of 111.790 yen on Tuesday after sliding along with Treasury yields. The euro was also stable at $1.1158 and is bound for around 0.4 percent loss this week.

Commodity linked currencies held on to significant gains after a rebound in oil prices overnight.

U.S. economic data scheduled to be released next week include the consumer confidence indicator for June, pending property sales, crude oil stockpiles, adjusted Q1 GDP and the PCE price index.