South Africa Producer Price Index (YoY) declined to 5% in August from previous 5.7%

TD Securities’ TD Macro Research Insight argues the US Dollar rally is stretched against major currencies and is unlikely to break to new highs in current Fed hiking cycle. Month-end equity rebalancing flows, weaker-than-consensus US payrolls, and broadly short G10 FX positioning versus USD support a bearish Dollar regime, with risks from a potential US diesel export ban and geopolitical escalation.