Dollar steadies as markets watch US data
The article focused on the stability of the US dollar and its gains despite a decrease in expectations of interest rate hikes in September, following inflation data that aligned with forecasts. The data showed that consumer prices in the United States increased by 0.1% in July, and the annual inflation rate fell to 3.4%, leading to a reduction in the likelihood of an interest rate increase by the Federal Reserve to around 40%. Markets are also awaiting more US economic data, amid ongoing pressure on the Japanese yen and a decline in the Australian dollar, while oil prices remain high due to continued disagreements between Washington and Tehran.
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