Dollar Strengthens Amid Higher Yields as Markets Await Further US-Iran News
The US dollar mostly rose in trading on August 26, driven by higher Treasury yields.
The Australian dollar was an exception, increasing 0.18% against the greenback, while the NZD, CHF, and GBP were the weakest performers.
US data showed steady growth but persistent inflation, with July core PCE matching expectations at 0.2% month-over-month and 3.3% year-over-year.