{
  "id": 6393479,
  "title": "United States Dollar Index (DXY) bears eye August low around 98.50 ahead of US inflation",
  "url": "https://urgent.news/2026/09/09/united-states-dollar-index-dxy-bears-eye-august-low-around-98-50",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-09T07:03:50.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/united-states-dollar-index-dxy-bears-eye-august-low-around-9850-ahead-of-us-inflation-202609090703"
  },
  "original_language": "en",
  "account": "The US Dollar Index (DXY) slid to a nearly three-week low near 98.70-98.65 during the early European trading session on Wednesday, as sellers intensified their pressure for a third consecutive day. Traders are eagerly anticipating the release of US inflation data, including the Producer Price Index (PPI) and the Consumer Price Index (CPI), due on Thursday and Friday, respectively. These key economic indicators will provide crucial insights into the Federal Reserve's (Fed) policy stance, thereby influencing the subsequent trajectory of the DXY. In the meantime, USD bulls are struggling to gain traction amidst the hawkish Bank of Japan (BoJ)-driven rally in the Japanese Yen (JPY). This yen strengthening comes amid heightened geopolitical tension, with the US recently attacking Iranian oil tankers in the Gulf of Oman and near Kharg Island. Iran responded by launching over 30 missiles towards US forces in Jordan. This ongoing regional conflict adds an element of risk to the market, potentially providing some support to the US Dollar as a safe-haven currency. In technical analysis, the DXY exhibits a bearish outlook in the short term, as it has failed to surpass the 100-day Exponential Moving Average (EMA) at 99.67 and the 61.8% Fibonacci retracement level at 99.21. These technical levels form a significant resistance band, with the EMA and the 50% retracement at 99.70 further reinforcing the upside resistance. Should the DXY break below the 78.6% Fibonacci retracement at 98.51, it could signal the continuation of the prevailing downtrend towards the recent cycle low region around 97.62.",
  "summary": "The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, attracts sellers for the third straight day and drops to a nearly three-week low, around the 98.70-98.65 area, during the early European session on Wednesday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 9,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
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        "url": "https://urgent.news/2026/09/08/forex-today-chinas-inflation-looms-as-lagarde-tees-up-ecb-decision",
        "published": "2026-09-08T20:14:01.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Rising energy costs lift China's producer, consumer inflation in August",
        "url": "https://urgent.news/2026/09/09/rising-energy-costs-lift-chinas-producer-consumer-inflation-in-august",
        "published": "2026-09-09T02:00:52.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "China's wholesale inflation tops estimates in August on commodity costs, tech demand as consumer price increases meet forecast",
        "url": "https://urgent.news/2026/09/09/chinas-wholesale-inflation-tops-estimates-in-august-on-commodity",
        "published": "2026-09-09T02:06:10.000Z"
      },
      {
        "outlet": "Handelsblatt",
        "title": "Asia: China's inflation picks up in August – energy prices drive producer prices",
        "url": "https://urgent.news/2026/09/09/asien-inflation-in-china-zieht-im-august-an-energiepreise-treiben",
        "published": "2026-09-09T02:19:12.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "China’s inflation picks up in August but still below target",
        "url": "https://urgent.news/2026/09/09/chinas-inflation-picks-up-in-august-but-still-below-target",
        "published": "2026-09-09T03:06:34.000Z"
      },
      {
        "outlet": "RTHK News - Finance",
        "title": "Inflation on the mainland picks up in August",
        "url": "https://urgent.news/2026/09/09/inflation-on-the-mainland-picks-up-in-august",
        "published": "2026-09-09T03:16:28.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Rising energy costs lift China’s producer, consumer inflation in August",
        "url": "https://urgent.news/2026/09/09/rising-energy-costs-lift-chinas-producer-consumer-inflation-in-august-6380124",
        "published": "2026-09-09T03:54:31.000Z"
      },
      {
        "outlet": "The Economic Times - Economy",
        "title": "India August consumer inflation likely hit 20-month high on food, fuel prices: Reuters poll",
        "url": "https://urgent.news/2026/09/09/india-august-consumer-inflation-likely-hit-20-month-high-on-food-fuel",
        "published": "2026-09-09T09:23:00.000Z"
      }
    ]
  },
  "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."
}