Neutral impactForex
Dollar near two-month trough as US inflation data awaited
Economic Times 3 hrs ago·10 Aug 2026, 2:03 am
The US dollar has fallen to a nearly two-month low against other major currencies. This change is largely due to investors waiting for upcoming US inflation data, which could influence future interest rate decisions.
The dollar's decline is also linked to recent US jobs data, which has led some to believe that the Federal Reserve may not raise interest rates as soon as previously thought.
Investors will be watching the inflation data closely to see how it affects the dollar and other currencies, as well as the broader financial markets.
Key takeaways
- Category: Forex.
- Assessed as a significant, market-relevant update.
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