Following CPI Data, US Dollar Index Rises Short Term
BlockBeats News, August 12th, after the release of the US July CPI data, the US Dollar Index quickly rose by about 10 points to currently stand at 99.85.
The current interest rate hike probability is around 50%, with benign inflation data potentially prompting a wait-and-see approach. However, the hawkish stance still introduces uncertainty into the future policy outlook.