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US dollar update August 13 2026
The US dollar's rally paused on Thursday after US inflation data came in subdued, reducing expectations of an imminent Federal Reserve interest rate hike. The dollar index steadied around 100, posting weekly gains of nearly 0.4%. FedWatch's implied probability of a rate increase dropped from 54% to 40%. Additionally, joint intervention by the United States and Japan in the currency market pushed the dollar against the yen from levels near four-decade highs of approximately 164 yen down to 155.20 yen over three days. The euro remained steady at 1.1523 dollars, while the British pound slightly declined to 1.3489 dollars, as economic data continued to influence the foreign exchange market.
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