The US dollar had an unfavorable start in September, and the Fed's next move was impacted by conflicting signals, and the upcoming key inflation report also made it difficult for traders to sit back. At the same time, the sharp rise in the yen caused shocks in global foreign exchange markets. Although the non-agricultural data released on Friday was stronger than expected, boosting market expectations for the Fed to raise interest rates later this month, Bloomberg's US dollar spot exchange rate index ended up falling 0.7% this week. The probability that traders will digest the 25 basis point rate hike is around 60%, while the report is published is about 50%. Noah Buffam, capital market strategist at the Canadian Imperial Bank of Commerce, pointed out that this has increased the importance of next week's consumer price data. “The dollar's next move may depend on next week's inflation data and their impact on the Fed's decisions in September,” he said.

The US dollar had an unfavorable start in September, and the Fed's next move was impacted by conflicting signals, and the upcoming key inflation report also made it difficult for traders to sit back. At the same time, the sharp rise in the yen caused shocks in global foreign exchange markets. Although the non-agricultural data released on Friday was stronger than expected, boosting market expectations for the Fed to raise interest rates later this month, Bloomberg's US dollar spot exchange rate index ended up falling 0.7% this week. The probability that traders will digest the 25 basis point rate hike is around 60%, while the report is published is about 50%. Noah Buffam, capital market strategist at the Canadian Imperial Bank of Commerce, pointed out that this has increased the importance of next week's consumer price data. “The dollar's next move may depend on next week's inflation data and their impact on the Fed's decisions in September,” he said.