Dollar steady ahead of Fed decision; Aussie falls after inflation data
Both outlets reported that the U.S. dollar remained near a one-month high amid renewed Middle East tensions, with traders anticipating the Federal Reserve's interest rate decision. The Business Recorder added context about Singapore and briefly mentioned the Australian dollar's decline following inflation data, while Dunya News emphasized the impact of rising oil prices due to the tensions.
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Dollar steady ahead of Fed decision; Aussie falls after inflation data
The U.S. dollar stayed near a one-month high as renewed Middle East tensions lifted oil prices, while investors awaited the Federal Reserve's interest rate decision and guidance.
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91%
Dollar steady ahead of Fed decision; Aussie falls after inflation data
SINGAPORE: The US dollar held near a one-month high on Wednesday as hostilities flared anew in the Middle East, while traders awaited a key Federal Reserve interest rate decision later in the day. The Australian dollar slid after inflation data came in below expectations, reducing the chance of further rate hikes from the Reserve Bank of Australia. It was 0.37% lower at $0.69475. In the broad...
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