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15/08/2025 14:02 AST
The US dollar held on to the previous session's gains on Friday after stronger-than-expected inflation data prompted traders to scale back expectations for interest rate cuts by the Federal Reserve.
The euro and sterling were steady against the dollar after falling 0.5% and 0.3% on Thursday, respectively, while the Japanese yen rose 0.3% to 147.395 following stronger-than-expected second-quarter GDP data.
US producer prices in July posted their fastest increase in three years, driven by a surge in the costs of goods and services, signaling a broad pickup in inflationary pressures that analysts say could pose a dilemma for the Fed.
The hotter-than-expected producer price inflation came after a more moderate consumer inflation reading earlier in the week, which had boosted expectations of policy easing in the world's largest economy and lifted risk assets across the board.
Following the producer price report, odds of a 25-basis-point rate cut by the US central bank retreated slightly, according to analysts.
QNA
| Ticker | Price | Volume |
|---|
| US Dollar | 1.00 |
| Euro | 0.88 |
| British Pound | 0.77 |
| Japanese Yen | 113.21 |
| Saudi Riyal | 3.75 |
| Kuwaiti Dinar | 0.30 |
| Derham Emirati | 3.67 |
| Bahraini Dinar | 0.38 |
| Omani Riyal | 0.39 |
| Qatari Riyal | 3.67 |
13/08/2025
Currency markets were in a holding patternon Tuesday, with traders' reluctance to make large bets ahead of U.S. inflation data - important for Federal Reserve policy expectations - capping moves afte
Reuters
12/08/2025
The US dollar extended declines on Monday as investors watched for the outcome of events due this week, from Tuesday's key July US CPI data and deadline for Washington and Beijing to strike a tariff
Asharq Al Awsat
31/07/2025
The Indian rupee has dropped to 23.86 from 23.80 against the dirham as currency markets opened following US President's Trump's threat of 25% tariffs on Indian exports to his country.
This w
Gulfnews
28/07/2025
UAE expats sending monthly remittances should not just be looking at how their currencies are faring against the dirham - keep an eye on whether there are any deals available on remittances fees.
Gulfnews
25/07/2025
The dollar traded sideways against the euro on Thursday after the European Central Bank held rates steady, and was wedged between prospects for higher Japanese rates that supported the yen and worrie
Asharq Al Awsat
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