Dollar Gains Ahead of US Inflation Data; Aussie Hits 3-Month High

On August 26, 2026, the dollar edged higher against major currencies as investors anticipated U.S. inflation data. The Australian dollar reached $0.71865, its highest in three months, following a 3.6% annual rise in the trimmed mean CPI, a metric used by the Reserve Bank of Australia. The dollar increased by 0.1% against the Japanese yen, reaching 158.95 yen, while the euro softened to $1.1664. This inflation data and Federal Reserve Chair Kevin Warsh's upcoming speech may influence future monetary policies, which is important for traders looking for signs of further interest rate adjustments.