
Dollar Steady, Futures Waver as Markets Brace for August Inflation Report and Presidential Debate
The dollar was steady in early trading on Tuesday, with the yen inching away from one-month highs as investors brace for U.S. inflation data and reassess expectations of a large interest rate cut from the Federal Reserve. U.S. stock index futures struggled for direction ahead of a crucial August consumer price inflation report later in the week that could firm up bets on the size of the interest rate cut by the Federal Reserve. The U.S. dollar edged down before the U.S. inflation data and the presidential debate, reflecting market caution. The dollar index eased during the U.S. presidential debate, last down 0.15% at 101.49. The yen hovered near a five-week peak as traders waited nervously for the key inflation report.
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- ๐ช๐บ ๐ฒ๐จ๐จ๐ญDan Popescu ๐ซ๐ท๐ฎ๐น๐ท๐ด
Japanese yen eyes 5-week high as focus turns to US presidential debate, inflation https://t.co/PJwnZh38in via @Reuters https://t.co/h2mYeqAxAq
- First Squawk
U.S. DOLLAR INDEX EASES DURING U.S. PRESIDENTIAL DEBATE; LAST DOWN 0.15% AT 101.49
- PiQ
๐ต YEN EYES 5-WEEK HIGH AS FOCUS TURNS TO US PRESIDENTIAL DEBATE, INFLATION The yen hovered near a five-week peak and the dollar hung close to a three-week top versus the euro on Wednesday, as traders waited nervously for a key inflation report that could provide clues on howโฆ https://t.co/knpHLpuvtf
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