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Inflation data boosts dollar and Bitcoin nears 79K
The article focused on the US dollar remaining close to its highest level in eight days, supported by US inflation data and expectations of interest rate hikes. Additionally, cryptocurrency trading saw Bitcoin approaching $79,000. Data showed that the Personal Consumption Expenditures (PCE) index increased by 3.7% until July, reinforcing expectations of a rate hike by the Federal Reserve. Markets are also watching the Deputy Governor of the Bank of Japan's speech regarding the potential for tightening monetary policy. Meanwhile, Bitcoin was near $79,000, with other cryptocurrencies displaying varied performances.
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