Dollar Index Near 99 As Fed, ECB, And BoJ Policy Diverge

The Dollar Index is hovering near 99 as traders weigh US inflation, interest rates and global central bank moves, with Friday’s US CPI and next week’s Fed meeting seen as key catalysts. According to BeInCrypto, the Fed has kept rates at 3.50%–3.75%, August producer inflation hit 5.4% year-on-year and the US added 162,000 jobs last month, while the ECB raised its deposit rate to 2.50% and the Bank of Japan is expected to lift rates to 1.25% next week.