SINGAPORE, July 18 Reuters The dollar wobbled near an over oneyear low against its major peers on Tuesday, as investors awaited fresh catalysts to gauge if the greenback has further downside in the wake of last week39;s coolerthanexpected U.S. inflation report.

The U.S. dollar index , which measures the greenback against a basket of six currencies, fell 0.15 to 99.753 in Asia trade, languishing near Friday39;s trough of 99.574, its lowest since April 2022.

The index had clocked its worst week of 2023 last week, after data showed U.S. inflation subsided further with consumer prices registering their smallest annual increase in more than two years, taking pressure off the Federal Reserve to continue raising interest rates.

I think the dollar can stay under selling pressure, said Carol Kong, a currency strategist at Commonwealth Bank of Australia. Markets are focused on the end of the FOMC tightening cycle.

Against the greenback, the euro hit a fresh 17month high of 1.1256, while sterling gained 0.16 to 1.30945, not far from last week39;s top of 1.3144, also its highest since April 2022.

Money markets have largely priced in a 25basispoint bps rate hike from the Fed at its policy meeting later this month, though see rates coming down as early as December.

Conversely, investors expect the European Central Bank and the Bank of England to have further to go in their ratehike cycle. ,

Elsewhere, the Japanese yen rose about 0.2 to 138.46 per dollar, as investors look to…