Dollar Eases Amid Crude Oil Price Decline and Strong Odds of FOMC Rate Hike

The US dollar index (DXY) dipped by -0.10% on Thursday due to a decline in crude oil prices, which reduced the yield on 10-year Treasury notes.

WTI oil prices fell by more than -2%, giving back some of Thursday's gains after reaching a 3.5-month high, but remain higher for the week.

The August US CPI report came in line with expectations at +0.4% month-over-month and +3.4% year-over-year, while core inflation eased to a new 5.5-year low of +2.4% y/y.