Dollar fortunes again
The US dollar declined today as investors eagerly awaited the upcoming US inflation data, set to be released in September. Expectations are for the Consumer Price Index to rise by 0.6% month-over-month, which could support prospects of a rate hike in October. The dollar index fell to 102.09, while the euro rose to $1.1208. Other currencies such as the yen, British pound, and Australian dollar also gained, alongside increased gold prices and cryptocurrencies. Currently, the market is relying on the inflation figures to determine the future direction of interest rates in the United States.
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