ChainChaser

#DollarHits3MonthLow The U.S. dollar remained under pressure on August 18, trading near multi-month lows against major currencies. Recent weaker U.S. economic data has reduced expectations of an immediate Federal Reserve interest-rate hike, weighing on the greenback. The dollar index recently touched a 10-week low before recovering slightly amid renewed geopolitical tensions. Meanwhile, rising oil prices and uncertainty surrounding the Middle East are creating additional volatility in global markets. Investors are closely watching upcoming U.S. economic data and Federal Reserve signals for clues about the dollar’s next direction.