{
  "id": 3645084,
  "title": "Dollar near eight-day high as US data lifts Fed hike bets",
  "url": "https://urgent.news/2026/08/27/dollar-near-eight-day-high-as-us-data-lifts-fed-hike-bets-3645084",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T01:50:41.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/forex/forex-news/dollar-near-eight-day-high-as-us-data-lifts-fed-hike-bets/articleshow/133553910.cms"
  },
  "original_language": "en",
  "account": "The U.S. dollar reached an eight-day high on Thursday following positive economic data from the American market, which increased expectations of a Federal Reserve rate hike, according to the wire report. This outcome occurred ahead of the Jackson Hole central bankers symposium, set to commence later in the day. Analysts are also scrutinizing a speech and press conference by Ryozo Himino, a deputy governor from the Bank of Japan, for insights on the probability of a September interest rate increase and the comprehensive tightening plan.\n\nU.S. Commerce Department data revealed on Thursday that the Personal Consumption Expenditures Price Index rose by 3.7% over the 12 months through July, remaining flat from June but slightly exceeding the 3.6% projection from economists surveyed by Reuters. On a month-to-month basis, the PCE climbed by 0.2%, contrasting with the earlier estimate of a 0.1% increase, which was down from 0.1% in June. This inflation data maintained the expectation of a Fed rate hike before the end of the year, though Chairman Kevin Warsh's forthcoming address at the Jackson Hole event will ultimately decide this matter, as per Westpac economist Ryan Wells.\n\nThe dollar index, gauging the greenback's value against a basket of currencies including the yen and the euro, increased by 0.21% to 99.13, marking its apex since August 19. Against the Japanese yen, the dollar exchanged at 159.23, recovering only part of its intervention gains but remaining far from a multi-decade low of approximately 164. Himino's upcoming speech, scheduled for 0130 GMT, is anticipated to indicate a strong likelihood of a rate increase at the September meeting. However, analysts caution that substantial yen purchases are expected to be restrained due to Himino and Warsh's scheduled remarks.\n\nMoney markets project an 87% chance of a rate increase by the Bank of Japan in the upcoming month, per data from money market broker Totan Tanshi. Meanwhile, the Canadian dollar remained stable against the dollar at C$1.388 per dollar. U.S. President Donald Trump voiced his opinion regarding Canada's situation, stating on Wednesday that it was time to teach Canada it cannot continue in this manner following the collapse of trade negotiations between the neighboring nations. The euro was valued at $1.1655, while the British pound remained unchanged at $1.3592. The Australian dollar surged 0.18% against the dollar to $0.7181, and New Zealand's kiwi bird increased by 0.1% to $0.5948. In the cryptocurrency market, Bitcoin surged 0.55% to $78,874.60, while Ether climbed 1.07% to $2,498.35.",
  "summary": "The dollar showed a minor uptick following U.S. inflation figures that aligned with forecasts for an impending Federal Reserve rate increase. Investors are now keenly awaiting remarks from central banking officials at the Jackson Hole symposium later today. Additionally, insights from the Bank of Japan could signal potential shifts in monetary policy. Meanwhile, other currencies, including the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Japanese Yen: Range-bound against US Dollar as markets price BoJ hike – Scotiabank",
        "url": "https://urgent.news/2026/08/26/japanese-yen-range-bound-against-us-dollar-as-markets-price-boj-hike",
        "published": "2026-08-26T19:41:00.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Dollar near eight-day high as US data lifts Fed hike bets",
        "url": "https://urgent.news/2026/08/27/dollar-near-eight-day-high-as-us-data-lifts-fed-hike-bets",
        "published": "2026-08-27T00:12:24.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Dollar near eight-day high as US data lifts Fed hike bets",
        "url": "https://urgent.news/2026/08/27/dollar-near-eight-day-high-as-us-data-lifts-fed-hike-bets-3628638",
        "published": "2026-08-27T00:56:28.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Dollar near eight-day high as US data lifts Fed hike bets",
        "url": "https://urgent.news/2026/08/27/dollar-near-eight-day-high-as-us-data-lifts-fed-hike-bets-3650551",
        "published": "2026-08-27T02:57:17.000Z"
      }
    ]
  },
  "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."
}