Currency Markets
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Pound Markets Await UK PMI Data Following Bank of England's 6-3 Vote
The Bank of England held interest rates on July 30 with a 6-3 vote, and markets are awaiting August PMI data—if it drops below 50, the likelihood of a September rate hike will diminish, putting pressure on the pound from $1.36.
8/20/2026
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Dollar Index Drops 2% From July Highs as Markets Await Fed Minutes and Jackson Hole
The US dollar declined about 2% from its July highs following weaker-than-expected consumer and producer inflation data that eased fears of rate hikes, amid anticipation of the Fed minutes and the Jackson Hole symposium.
8/17/2026
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Yen Nears Intervention Line at 160 as Markets Await Japanese Rate Hike to 1.25%
The yen fell to 159.4 per dollar near the 160 level, viewed by markets as the government intervention line, amid expectations that the Bank of Japan will raise interest rates at its September 17-18 meeting.
8/15/2026