The U.S. dollar remained steady ahead of the release of key U.S. inflation data and the deadline for the U.S.-China tariff agreement. Market participants anticipated the inflation report as a critical factor influencing Federal Reserve policy decisions, particularly regarding a potential interest rate cut in September. Following the release of the July inflation data, which showed no unexpected inflationary pressures, the dollar weakened significantly, falling below the 960 level and experiencing its largest decline since April. The inflation figures have cleared the way for expectations of a rate reduction by the Federal Reserve. Concurrently, other currencies reacted to the inflation data: the Canadian dollar rebounded from a one-week low, while the Australian dollar awaited the Reserve Bank of Australia's policy decision. Gold prices also firmed slightly as investors digested the inflation report. Additionally, the South African rand remained steady ahead of local mining and employment data releases. Overall, the inflation data has shifted market sentiment towards easing monetary policy in the U.S., impacting currency valuations and investor positioning.