DXY Rises for 3rd Day

2026-09-11 12:41 By Agna Gabriel 1 min. read

The dollar index rose above 99 on Friday, extending gains for the third session, after US inflation data strengthened expectations that the Federal Reserve could raise interest rates next week.

Core CPI, excluding food and energy, increased 0.3% in August from the previous month, slightly above expectations, while the annual rate rose 2.4%, in line with forecasts and the lowest since March 2021.

Headline consumer prices increased 0.4% month-on-month and 3.4% from a year earlier, reflecting higher energy costs.

The data suggested that inflation remains persistent amid elevated oil prices, tariffs and continued investment in data centres.

Markets subsequently priced in around a 90% probability of a rate hike at the Fed’s September 15-16 meeting.

Meanwhile, oil prices remain a key concern, having recently moved above $100 a barrel as Middle East and Russia-Ukraine conflicts disrupt supplies.



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