U.S. Inflation Data Leave Dollar Directionless -- Market Talk
Dow Jones2026/08/13 09:500950 GMT - Unexciting U.S. inflation data for July leave the dollar with little sense of direction ahead of the Federal Reserve's Jackson Hole Symposium on August 27-29, ING's Francesco Pesole says in a note. Data Wednesday showed inflation eased to 3.4% in July from 3.5% in June, in line with expectations. Markets slightly trimmed U.S. interest-rate rise expectations after the data but a 25 basis-point move remains fully priced for December, according to LSEG. There is a reluctance to price out further Fed tightening, keeping the dollar supported, Pesole says. Fed communication signalling possible rate rises is the main culprit, he says. The DXY dollar index falls 0.1% to 99.964 after earlier reaching a two-week high of 100.083. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
August 13, 2026 05:50 ET (09:50 GMT)
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