Analysts: Dollar strengthens ahead of inflation data release

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On December 10, the US dollar strengthened as the market is awaiting tomorrow's inflation data. Economists surveyed by The Wall Street Journal expect the November CPI year-on-year to be 2.7%, and any significant surprise in either direction could change the market's expectation of the Federal Reserve's rate cut next week.

Regarding the US dollar against the Japanese yen, the currency pair rose 0.3% intraday, approaching the 152 level. Rania Gule, an analyst at XS.com, wrote that the market is concerned about Japan's slow economic growth and low inflation. Although the Japanese economy performed strongly in the third quarter, the market seems cautious about the central bank's willingness to take bold measures in monetary policy. (Gold Ten)

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