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Amman, August 13 (Petra) – The US dollar weakened on Wednesday following the release of inflation data that bolstered market expectations of a potential interest rate cut by the Federal Reserve next month.
According to Bloomberg, the US dollar index dropped to 98.02, extending its losses by 0.5%. Despite the broader decline, the dollar edged up 0.07% against the Japanese yen, reaching 147.95 yen.
The euro gained 0.1% to trade at $1.1684, building on a 0.5% increase from the previous session. The British pound inched higher by 0.03%, reaching $1.3505.
Commodity-linked currencies also made modest gains, with the Australian dollar rising 0.03% to $0.6531 and the New Zealand dollar climbing 0.05% to $0.5957.
//Petra// AK
13/08/2025 17:20:18
