_1777294237270_124456903.png&w=64&q=75){kind=small}
Dollar dips after 18-month high
The U.S. dollar retreated to 102.27 points after reaching its highest level in 18 months, due to declining oil prices and reduced expectations of an interest rate hike in the United States. Market participants are awaiting upcoming inflation data to analyze the trajectory of monetary policy. Meanwhile, the euro rose to 1.1189 dollars, and the Japanese yen increased to 158.38 yen, supported by data indicating rising wholesale prices and prospects of interest rate hikes in Japan. Markets expect the Federal Reserve to hold interest rates steady with an 80% probability at its upcoming meeting in late October, with a gradual path of rate increases possible before the end of 2027.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)