Market News

The dollar index fell to a fresh 2.25-month low as a run of soft US data continued to erode expectations for further Fed tightening.

July US retail sales unexpectedly fell 0.6%, pressuring the dollar and cutting the odds of a September Fed rate hike.

EUR/USD holds near a two-month high as US-Iran developments swing oil prices and pressure the dollar.

US producer prices rose less than expected in July, pressuring the dollar and boosting bets on a Federal Reserve rate cut.

The Dollar Index sits near the 100 level ahead of today’s US PPI report, testing a rising trendline and support near 99.42.

Gold has been rejected four times at the $4,430 to $4,480 zone, a level now acting as a well-defended near-term ceiling.

USD/JPY pushed back toward 159.50, erasing roughly half of the gains from last week’s coordinated yen intervention.

The dollar rose for a second straight session as crude oil extended its rally and equities pulled back, ahead of Wednesday’s CPI report.

US CPI eased to 3.4 percent as expected, briefly pressuring the dollar before it reversed to close about 0.2 percent higher.

AUD futures reached a six-week high after the RBA held rates but signaled it remains open to hiking further if needed.