Dollar trades in a tight band as markets await U.S. PCE inflation and Jackson Hole
AI Market Summary
FX markets are range-bound as investors wait for US PCE inflation data and guidance from Jackson Hole, keeping the dollar steady and limiting risk-taking. Oil weakened after reports of Iran-Oman talks on managing the Strait of Hormuz, easing near-term supply-risk premia. The Australian dollar firmed on upside inflation, while the New Zealand dollar softened ahead of its central bank decision; euro and sterling were flat.
Impact level
● Medium
Affected assets
NCSIDXY2USD/USDT-0.07%
AI Insight · NCSIDXY2USD/USDTAI Insight
● Neutral
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The U.S. dollar was little changed in Asian trading as investors positioned ahead of the release of U.S. PCE inflation data and the Jackson Hole symposium. Brent crude slid 2.1% to $86.68 a barrel after Iran and Oman resumed talks on managing the Strait of Hormuz. The Australian dollar rose 0.1% after inflation data came in above expectations, while the New Zealand dollar edged lower ahead of the central bank's rate decision. The euro and sterling were flat.
