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The Economic Times

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Dollar near eight-day high as US data lifts Fed hike bets

The dollar showed a minor uptick following U.S. inflation figures that aligned with forecasts for an impending Federal Reserve rate increase. Investors are now keenly awaiting remarks from central banking officials at the Jackson Hole symposium later today. Additionally, insights from the Bank of Japan could signal potential shifts in monetary policy. Meanwhile, other currencies, including the euro and British pound, maintained stability against the dollar.

27 Aug 2026 7:20 am