The U.S. dollar remains solid in trading, as investors question whether the Federal Reserve will opt for a deeper interest rate cut. Uncertainty surrounds a potential move to drop rates to 3.00-3.25%, driving market speculation and influencing currency performance.

Strong increases in housing and food costs drove U.S. consumer inflation higher in August, marking the steepest rise in seven months. Meanwhile, a recent surge in first-time jobless claims appears to support market expectations of a Federal Reserve interest rate cut on Wednesday.