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ING: US Inflation Data May Support Dollar Trend
Svmuu News According to Francesco Pesole, an analyst at ING, the US dollar may gain support if the US CPI data shows a significant acceleration in inflation in March, driven by rising energy prices due to the Iran war. With high inflation making headlines, the threshold for further dollar declines today should be higher, even if developments in the Middle East remain the primary driver. However, he noted that for the Federal Reserve, the most critical issue is whether so-called second-round effects will emerge in core inflation in the coming months, where businesses pass on higher costs through prices and wages. (Jin10)
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