NEW YORK/LONDON—The dollar rose on Aug. 16 against commodity currencies such as the Australian and Canadian dollars, while the safe-haven yen gained at a time of disappointing economic data from China, political tension in Afghanistan, and the spreading Delta virus weighing on risk appetite. The dollar’s gains came after recent losses from a slump in…
US Dollar, Yen Gain After Weak China Data, Amid Unrest in Afghanistan
August 16, 2021
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Business & Economycommodityconsumer sentimentEconomieseconomyInternationalMarketsU.S. dollarUSUS NewsWorld
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Inflation Fears Grow as Commodity Prices Take off
WASHINGTON—Economists have started to feel more uncomfortable that the Federal Reserve could be too complacent with its inflation forecast and end up tightening the monetary policy a bit too late to prevent harmful inflation. Some economists have been warning for months that excessive government spending to help the country recover from the pandemic-induced recession could…
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