{
  "id": 1916587,
  "title": "US dollar stays near multi-month lows with Fed rate outlook back in focus",
  "url": "https://urgent.news/2026/08/19/us-dollar-stays-near-multi-month-lows-with-fed-rate-outlook-back-in",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T10:28:56.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/business/markets/us-dollar-stays-near-multi-month-lows-with-fed-rate-outlook-back-in-focus-1.500645607"
  },
  "original_language": "en",
  "account": "The US dollar kept hovering near multi-month lows against major currencies on Wednesday, as softer Treasury yields and dwindling hopes for a near-term Federal Reserve rate increase put pressure on the currency ahead of the central bank's latest meeting minutes release. The dollar index, which measures the US dollar's value against six major peers, slipped marginally to 99.65. The euro held steady around $1.1577, just shy of a two-month peak hit earlier this week, while the pound stayed near $1.3533, close to a three-month maximum, before British inflation data. Financial market strategist Stephen Innes highlighted that the recent dollar weakness can be attributed to weaker US economic indicators and changing expectations surrounding Federal Reserve policy. As investors await the minutes from the Federal Reserve's July meeting, which could provide further clues on the central bank's interest rate stance, the probability of a rate hold at the September meeting stands at 67%, according to Jonathan Squires, CEO of Tapaas. This decline in expectations for a rate hike over the past week, due to softer labor market and inflation data, has limited further dollar weakness. However, higher long-term borrowing costs could still have broader impacts beyond bond markets, such as mortgage rates, housing activity, and refinancing costs. In addition, geopolitical events in the Middle East could influence the dollar's value, with reduced US military action potentially dampening safe-haven demand but renewed escalation potentially bolstering both the currency and Treasury yields. Markets will now focus on the Fed minutes, upcoming US economic releases, and the central bank's Jackson Hole event later this month for further guidance. Ultimately, the front end of the US interest-rate curve seems to be dictating the immediate direction of the dollar, while developments in longer-term yields may determine whether this pressure expands further.",
  "summary": "Dubai: The US dollar hovered near multi-month lows against major currencies on Wednesday, with softer Treasury yields and reduced expectations for another near-term Federal Reserve rate increase weighing on the currency ahead of the release of the central bank's latest meeting minutes. Get updated faster and for FREE: Download the Gulf News app now - simply click here The dollar index, which…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}