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The US Dollar (USD) had its worst week since December losing out versus the rest of G10. Economists at ING analyze Greenback’s outlook ahead of the US Consumer Price Index (CPI) report.
We expect inflation figures to put a stop to the Dollar decline this week. The shifts in FX positioning last week no longer justify an exacerbation in USD downward pressure unless key data starts to turn in favour of Fed easing.
There is a non-negligible risk that part of the USD losses driven by Fed Chair Powell’s testimony will be unwound this week.
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。
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