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الاقتصادية
Dollar Stabilizes Amid Rate Hike Expectations
The dollar stabilized today, Thursday, after recent US inflation data came in reassuring, leading markets to cut back on expectations of the Federal Reserve raising interest rates in the near future. The dollar steadied against the yen, despite achieving weekly gains of nearly 1%, amid expectations that interest rates will remain unchanged in September. The data showed the consumer price index rose by 0.1% in July, in line with forecasts, prompting markets to reduce the likelihood of a rate hike to 40%. Additionally, the US currency approached the 160-yen level, amid growing doubts about the Japanese authorities' commitment to defending the yen—particularly after the dollar's rebound against the yen occurred without official intervention and with declining confidence in Japan's resolve to protect its currency.
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