US inflation stalls dollar rise
The US dollar remained steady near its previous performance as investors awaited July's Personal Consumption Expenditures (PCE) price index data, which will provide signals about the direction of interest rates. Eased tensions in the Middle East, especially regarding the reopening of the Strait of Hormuz, boosted risk appetite and contributed to a decline in oil prices. Canada responded by imposing tariffs on US imports and, after unproductive negotiations, saw its currency weaken against the US dollar. Meanwhile, the euro and British pound held steady, the Australian dollar rose, and expectations grew that the Bank of Japan might raise prices at a faster rate than expected in September. Additionally, both Bitcoin and Ethereum achieved notable gains since the beginning of August.
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