Dutch International: Even if inflation exceeds expectations, the dollar is unlikely to continue to rise
Online reported that ING analyst Francesco Pesole said in a report that U.S. inflation data released later today may exceed expectations, but any increase in the dollar may be short-lived. He said labor market data is more influential than inflation data because price shocks triggered by tariffs are believed to be temporary and the latest non-farm payrolls report has been significantly revised downward. He said if inflation is higher than expected, but as the labor market deteriorates further, it may still be in line with the Federal Reserve's expectations for a rate cut in September. This means that higher-than-expected inflation is unlikely to cause the dollar to continue to rise. Dutch International expects core inflation to rise by 0.4% month-on-month in July, higher than economists 'consensus forecast of 0.3%. (Jin Shi)
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