The dollar slipped 0.1% to 102.849 after hitting a 19-month high overnight. Short-dated Treasury yields rose as markets priced in higher odds of Fed tightening. The two-year yield added 3.2 basis points to 4.758%. Traders now watch initial jobless claims and Thursday's PPI for the next move. A hotter PPI could lift short-end yields and extend dollar gains, while softer data or Fed pushback could trim rate expectations, per Kudo.com's Konstantinos Chrysikos.
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