Here is what you need to know on Tuesday, August 18:
The US Dollar Index (DXY) starts the week on the back foot, with the US Dollar Index (DXY) slipping toward two-month lows and holding below the 100.00 mark. August’s run of underwhelming US data jobs, inflation and retail sales has steadily trimmed bets on a Federal Reserve (Fed) move next month.
On another note, a senior Iranian official said Tehran is shifting to a “fully offensive” stance and warned of escalation in the Strait of Hormuz if diplomacy fails, sending Crude more than 2% higher and keeping a firm bid under Gold as the new week gets underway.
US Dollar Price Today
The table below…
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