August 17, 2026
United States:
Dollar Extends Slide as Traders Scale Back Fed Tightening Bets
The dollar fell to its weakest level in three months as investors scaled back expectations for further Federal Reserve interest-rate increases following a run of softer US economic data.
The Bloomberg Dollar Spot Index dropped for a third day and hit its lowest since May 15.
Europe:
Swiss Real Wages Are Set to Continue to Increase, KOF Says
Swiss real wages are set to increase again and outpace the historic average, according to ETH Zurich’s KOF economic research institute.
The rise of 0.7% over the next 12 months is the result of a 1.2% average gain of nominal salaries — based on the survey of some 3,500 private-sector firms — minus the 0.5% inflation rate KOF predicts over the period.
Asia:
Japan’s Slower Growth Complicates BOJ’s Messaging on Rate Hike
Japan’s economic growth unexpectedly slowed in the three months through June, a result that may complicate the Bank of Japan’s policy communications as it weighs the timing of its next rate increase.
Real gross domestic product grew 1.1% on an annualized basis in the second quarter as capital spending continued to slump in the face of uncertainties stemming from the Middle East conflict and private consumption flatlined under the weight of inflation, a Cabinet Office report indicated Monday.
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