{
  "id": 3401274,
  "title": "Dollar moves in a narrow range ahead of inflation data, Jackson Hole",
  "url": "https://urgent.news/2026/08/26/dollar-moves-in-a-narrow-range-ahead-of-inflation-data-jackson-hole",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-26T02:00:33.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economy-news/dollar-moves-in-a-narrow-range-ahead-of-inflation-data-jackson-hole-4876177"
  },
  "original_language": "en",
  "account": "The dollar remained relatively stable in early Asian trading on Wednesday, as traders awaited inflation reports from key economies such as the U.S. and prepared for the Jackson Hole symposium the following weekend. The greenback hovered within a tight trading range for the past week against most of its major counterparts prior to the July Personal Consumption Expenditures (PCE) data release. News of de-escalation efforts in the Middle East, including plans to reinstate U.S. diplomatic staff in the region and reopen the Strait of Hormuz between Iran and Oman, lifted oil prices and bolstered risk sentiment. The U.S. dollar index, which gauges the dollar's strength against a basket of six currencies, broke a three-day winning streak on Tuesday and was trading at 98.918 in initial Asian hours. Oil prices fell on Wednesday, with Brent crude slipping 2.1% to $86.68, as Iran reported resuming talks with Oman to manage the Strait of Hormuz, and ongoing diplomatic negotiations between Washington and Tehran remained inconclusive. The Australian dollar edged up 0.1% to $0.7172 after figures revealed the trimmed-mean CPI inflation measure increased at an annualized rate of 3.6%. The New Zealand dollar's kiwi currency slipped 0.2% to $0.5962, ahead of a Reserve Bank of New Zealand rate decision scheduled for the following Wednesday. Most market participants anticipate the central bank will hike interest rates by 25 basis points to 2.75%, according to LSEG data. The U.S. dollar declined 0.1% versus the Canadian dollar to C$1.38405 per dollar, partially reversing its recent gains against the loonie following Ottawa's retaliatory tariffs on approximately $20 billion worth of U.S. goods and the rollout of business and worker assistance following the collapse of trade talks between the two nations. The euro remained steady at $1.1675, while the British pound stayed unchanged at $1.3647. The yen was also stable at 159.14 yen, remaining well below the levels that triggered joint intervention by U.S. and Japanese authorities in recent months. Currency investor Stephen Jen noted that the move signified a significant turning point for the currency. The Bank of Japan announced that Governor Kazuo Ueda would not join the U.S. Federal Reserve’s annual Jackson Hole conference this week due to scheduling conflicts; Board member Naoki Tamura would attend in his place. A majority of economists in a Reuters survey predicted the Bank of Japan will likely raise interest rates more quickly than expected and may raise the terminal rate higher in September. Meanwhile, cryptocurrencies rebounded as investors shifted dollars into risk assets. Bitcoin climbed 0.8% to $78,829.03, and Ether rose 0.7% to $2,453.10, both up over 25% and 31% respectively this month. However, gold declined 0.5% to $4,633.94, trimming its monthly gains to 15%.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Australian Dollar rises after RBA hawkish minutes, inflation data eyed",
        "url": "https://urgent.news/2026/08/25/australian-dollar-rises-after-rba-hawkish-minutes-inflation-data-eyed",
        "published": "2026-08-25T23:04:10.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Dollar moves in a narrow range ahead of inflation data",
        "url": "https://urgent.news/2026/08/26/dollar-moves-in-a-narrow-range-ahead-of-inflation-data",
        "published": "2026-08-26T02:03:19.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Dollar moves in a narrow range ahead of inflation data, Jackson Hole",
        "url": "https://urgent.news/2026/08/26/dollar-moves-in-a-narrow-range-ahead-of-inflation-data-jackson-hole-3411097",
        "published": "2026-08-26T02:35:15.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Dollar moves in a narrow range ahead of inflation data, Jackson Hole",
        "url": "https://urgent.news/2026/08/26/dollar-moves-in-a-narrow-range-ahead-of-inflation-data-jackson-hole-3426117",
        "published": "2026-08-26T04:27:51.000Z"
      }
    ]
  },
  "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."
}