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Analysis: The US dollar is expected to have a temporary respite after tariffs push up inflation."

Online reported that Chris Turner, strategist at Dutch International Bank, said that the dollar will rise for several months after tariffs push up inflation and force the Federal Reserve to postpone interest rate cuts. Turner said that the US dollar is expected to gain phased support after its downward spiral this year, because trade tariffs will stimulate consumer prices to accelerate from August and restrict the Federal Reserve to cut interest rates. During this period, he expects the euro to briefly fall back to the 1.13-1.15 range against the dollar and the yen to fall to 145-150 against the dollar. That means both the euro and the yen will fall by about 4%. "We think the Fed may keep interest rates unchanged until December," Turner said."By then, the dollar may have a slight correction."

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