<\/p>\n\n\n\n
The U.S. dollar steadied on Friday after sharp gains in the previous session, supported by stronger-than-expected U.S. economic indicators that dampened expectations for aggressive Federal Reserve easing this year.<\/p>\n\n\n\n
Dollar Index on Track for Best Weekly Gain in Two Months<\/strong> Against the yen, the greenback edged up 0.1% to \u00a5149.68, nearing the 150 threshold for the first time since early August, while the euro added 0.1% to $1.1680. Sterling dipped 0.3% to $1.3482.<\/p>\n\n\n\n Fed Rate Cut Bets Tempered<\/strong> Attention now turns to the personal consumption expenditures (PCE) price index, the Fed\u2019s preferred inflation gauge, due later Friday. Economists expect a 0.3% monthly rise in August and a 2.7% annual increase.<\/p>\n\n\n\n Japanese Inflation Keeps BoJ on Alert<\/strong> Trump\u2019s Tariff Shock Adds Uncertainty<\/strong> Cryptocurrencies Show Modest Gains<\/strong> The U.S. dollar steadied on Friday after sharp gains in the previous session, supported by stronger-than-expected U.S. economic indicators that dampened expectations for aggressive Federal Reserve easing this year. Dollar Index on Track for Best Weekly Gain in Two MonthsThe dollar index eased 0.1% to 98.37 but remained poised for a 0.8% weekly climb, its …<\/p>\n","protected":false},"author":9,"featured_media":112137,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6827,49,37,36],"tags":[],"class_list":["post-119275","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119275","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=119275"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119275\/revisions"}],"predecessor-version":[{"id":119276,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119275\/revisions\/119276"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/112137"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
The dollar index eased 0.1% to 98.37 but remained poised for a 0.8% weekly climb, its strongest since early August. On Thursday, upbeat data on GDP, jobless claims, durable goods, and wholesale inventories all exceeded forecasts, reinforcing perceptions of underlying economic resilience.<\/p>\n\n\n\n
Markets are now pricing a roughly 60% chance of a 50-basis point cut by December, down from 82% a week ago, according to CME\u2019s FedWatch Tool. Revised data showed U.S. GDP grew at an annualized 3.8% in Q2, stronger than the previously reported 3.3%.<\/p>\n\n\n\n
In Tokyo, data showed September core inflation remained well above the Bank of Japan\u2019s 2% target, maintaining pressure for a potential near-term hike. The yen slipped to eight-week lows following the news, alongside fresh U.S. tariff measures.<\/p>\n\n\n\n
President Donald Trump announced sweeping new import duties, including 100% tariffs on branded pharmaceuticals, 25% on heavy-duty trucks, and 50% on kitchen cabinets. The move reignited fears of broader trade disruptions even as bilateral trade talks had recently eased market concerns.<\/p>\n\n\n\n
Bitcoin inched 0.1% higher to $109,419.28, while Ether rose 1.6% to $3,951.60. Broader sentiment remained cautious following heavy crypto liquidations earlier in the week.<\/p>\n","protected":false},"excerpt":{"rendered":"