Dollar Mixed Amid Oil Price Surge and Trade Friction Escalation

The US dollar experienced mixed trading as markets grappled with rising oil prices, a stronger Japanese yen, and escalating trade tensions. The price of Brent crude oil was described as nearing $100 after attacks on Saudi oil infrastructure.

President Trump's criticism of Canada online, in response to Ottawa's counter-tariffs, added to the sense of unease. He also linked the prospect of a broader trade conflict to the Federal Reserve's interest-rate stance.

Market participants are looking ahead to upcoming US economic data releases, with inflation figures set to provide crucial guidance on the near-term policy path. The Fed enters an FOMC blackout period on September 16.