SOFT US CPI TO WEIGH ON USD
The USD has been on the backfoot ahead of the US CPI inflation report. Economists at Rabobank analyze the greenback’s outlook.
Disinflation?
The headline number is expected at 3.1% YoY, down from the May number of 4.0% YoY. This would be the lowest number since early 2021. While core inflation is stickier, the Bloomberg survey median stands at 5% for the June number down from 5.3% the previous month.
A number in line or below expectations will likely allow EUR/USD to become more comfortable above the 1.10 level in the near-term. However, continued risk of recession in the US suggests that the USD is likely to avoid a strong sell-off on a three-to-six month horizon.
See – US CPI Banks Preview: Inflation to step meaningfully lower in June
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
暫無評論，立馬搶沙發