International Forex News - August 14

U.S. Dollar Index Fell on August 13

On August 14, the U.S. Dollar Index, which measures the dollar against six major currencies, fell 0.05% on the day and closed at 99.964 in late foreign exchange trading. As of late New York trading, 1 euro traded at 1.1529 dollars, higher than 1.1521 dollars in the previous session; 1 pound traded at 1.3485 dollars, lower than 1.3488 dollars in the previous session. 1 dollar traded at 159.51 yen, higher than 159.49 yen in the previous session; 1 dollar traded at 0.8139 Swiss francs, higher than 0.8137 Swiss francs in the previous session; 1 dollar traded at 1.3936 Canadian dollars, lower than 1.3947 Canadian dollars in the previous session; and 1 dollar traded at 9.5684 Swedish kronor, lower than 9.5858 Swedish kronor in the previous session.

Probability of the Fed Keeping Rates Unchanged in September Stands at 65.2%

On August 14, according to CME FedWatch: the probability that the Federal Reserve will keep interest rates unchanged in September is 65.2%, while the probability of a cumulative 25 bp rate hike is 34.8%. By October, the probability that the Fed will keep rates unchanged is 50.1%, the probability of a cumulative 25 bp rate hike is 41.8%, and the probability of a cumulative 50 bp rate hike is 8.1%.