Dollar steadies ahead of data and summit

During Asian trading sessions, dollar dealings were confined to a narrow range ahead of the upcoming US inflation data, as investors monitor the potential impact of this data on the currency markets, especially with the Jackson Hole symposium scheduled for next week. The dollar index remained steady at 98.918, while oil prices declined due to diplomatic developments between Iran and Oman concerning the Strait of Hormuz. Additionally, Australian inflation data showed an increase in the annual rate to 3.6%, while the Reserve Bank of New Zealand is expected to raise interest rates to 2.75%. Regarding currencies, the euro and British pound remained unchanged, while markets anticipate an acceleration in Japan's monetary tightening. The cryptocurrency market is experiencing a rebound, with Bitcoin and Ethereum rising, while gold prices fell by 0.5%.

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