The last month itself had two swings in the Global Debt Market – firstly the Fed suggesting possibility of even higher rate rises due to inflation numbers of January coming in higher at 5.4% as against 5% and strong labour market data of unemployment levels down to 3.4%.
Dollar feeble as rate hike bets dwindle, Iran war worries grow
The U.S. dollar weakened against major currencies as traders scaled back tightening expectations. Soft economic data, including retail sales and job losses, influenced these shifts.
August 18, 2026