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Dollar steady before inflation data
The article focuses on the stability of the dollar's exchange rate within a narrow range ahead of the release of U.S. inflation data and the start of the Jackson Hole symposium. Investors are monitoring the July Personal Consumption Expenditures (PCE) data. The report pointed to the calming of tensions in the Middle East as having an impact on market sentiment and oil prices. The Australian dollar increased slightly in response to higher-than-expected inflation data, while the Canadian dollar declined after the imposition of retaliatory tariffs. Meanwhile, the yen, euro, and British pound remained stable.
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