Dollar nears eight-day high on US data
The dollar traded near an eight-day high on Thursday after stronger than expected U.S. inflation data lifted Federal Reserve rate hike bets. Markets now await speeches from central bank officials at the Jackson Hole symposium.
Xurve View
Insights:
Xurve View
The dollar index rose 0.21% to 99.13 during the Thursday Asian session, touching an eight-day high as economic data from the United States lifted Federal Reserve rate hike expectations. The move reflects growing market attention ahead of the Jackson Hole symposium. U.S. PCE inflation held at 3.7% in the 12 months through July.
