Dollar Gains as Yen Declines
The dollar rose as expectations for an interest rate hike by the Federal Reserve declined after U.S. inflation data for July matched analysts' forecasts. Consumer prices increased by 2.5% over 12 months, down from 2.6% in June. This caused the dollar index to climb by 0.17%, reaching 99.98 points, while the euro fell by 0.14% to $1.1524, and the yen declined by 0.1% to 159.45 against the dollar.
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