{
  "id": 6311285,
  "title": "US Dollar: Mixed performance with Fed and trade risks – Scotiabank",
  "url": "https://urgent.news/2026/09/08/us-dollar-mixed-performance-with-fed-and-trade-risks-scotiabank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-08T18:33:59.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/us-dollar-mixed-performance-with-fed-and-trade-risks-scotiabank-202609081833"
  },
  "original_language": "en",
  "account": "Scotiabank strategists Shaun Osborne and Eric Theoret present a mixed outlook for the US Dollar amid concerns over escalating oil prices, a stronger Japanese Yen, and escalating US trade tensions. The political pressure on the Federal Reserve to cut rates is growing, even as the market currently prices a 60% chance of a 25 basis point increase at the September meeting. Upcoming US Producer Price Index (PPI) and Consumer Price Index (CPI) data are expected to play a critical role in shaping Fed policy. Oil prices have climbed near $100 per barrel, driven by attacks on Saudi oil infrastructure, while US stocks have softened and yields have risen, contributing to a steeper Treasury curve. Trade tensions have also intensified as President Trump has criticized Canada on social media and threatened a broader trade war unless the Fed cuts interest rates. Economic expectations are keeping hawkish Fed officials concerned, with Cleveland Fed President Hammack urging tighter policy just before the FOMC blackout. This week's inflation data, particularly PPI (Thursday) and CPI (Friday), will be crucial in determining whether the Fed holds or tightens. Fed officials Warsh, Waller, and Williams have expressed varying opinions on the current inflation outlook, with Warsh advocating for progress at a \"speed\" and Waller and Williams suggesting disinflation may be occurring, potentially eliminating the need for higher rates.",
  "summary": "Scotiabank strategists Shaun Osborne and Eric Theoret highlight a mixed US Dollar (USD) as markets weigh rising Oil prices, Japanese Yen (JPY) strength, and escalating US trade tensions.",
  "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."
}