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الحقيقة الدولية
Dollar neared 8-day peak after US data
The dollar rose slightly, approaching its highest level in eight days, following American data indicating that the Personal Consumption Expenditures (PCE) Price Index increased by 3.7% through July, surpassing expectations of 3.6%. This boost in the US currency's performance came ahead of the Jackson Hole symposium, which will feature statements from Federal Reserve officials and a conference with the Deputy Governor of the Bank of Japan to discuss the prospects of raising interest rates in September. Meanwhile, ongoing data continue to fuel expectations of rate hikes, with the US Dollar Index reaching 99.13, its highest level since August 19. The yuan remained stable at 15.923 against the dollar, despite Japanese authorities' interventions to support it. Other currencies experienced stability or modest gains, while cryptocurrencies like Bitcoin and Ethereum continued their upward momentum.
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