US Dollar Steady Near 100 After CPI Reversal, MUFG Says
The dollar index recovered to around 100.00 after initial post-CPI weakness as markets trimmed but retained September Fed expectations, according to MUFG's Lee Hardman.
DXY
Lee Hardman at MUFG noted that the US dollar's initial weakness following the CPI release was quickly reversed. The dollar index returned to around the 100.00 level.
Markets trimmed but did not abandon expectations for a September Federal Reserve move, supporting a near-term stable outlook for the dollar.
Source: FXStreet Forex News