Dollar Edges Higher Ahead of U.S. Inflation Data

Core Insights - The S&P 500 has reached a new high, indicating strong market performance [1] - The U.S. dollar is experiencing a modest increase ahead of anticipated inflation data [1] Inflation Expectations - Economists predict that the annual inflation rate will rise to 2.9% in August from 2.7% in July [2] - There is a possibility that inflation could exceed expectations, which may influence the Federal Reserve's decision on interest rates [2] - The DXY dollar index has increased by 0.1% to 97.895 [2]