28 August 2025, 16:29 USA: DXY Edges Down Slightly.
The dollar index edged down slightly to 98 on Thursday as markets awaited a key inflation report. Revised data showed the US economy grew slightly faster in Q2, supported by stronger business investment and trade. On Friday, the Fed’s preferred gauge, core PCE, is expected to show a 2.9% annual increase in July, the quickest pace in five months. Investors are closely watching Fed officials’ remarks for clues on whether rates could be cut in September, with Governor Christopher Waller set to speak later Thursday. Meanwhile, another report showed jobless claims fell slightly, signaling firms are retaining workers despite uncertainty.
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