Malaysia's Maybank expects US CPI: Inflation in line with expectations will reduce bets on the Fed's aggressive rate cuts.
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Odaily Odaily News: Analysts at Maybank said in a foreign exchange research and strategy report that the market generally expects that the US core CPI in July will drop slightly from 3.3% in June to 3.2% year-on-year. Inflation data that meets this expectation will be the most favorable for the market. Although such data may lead to further reductions in bets on aggressive interest rate cuts by the Federal Reserve and may further increase the dollar, the improvement in risk sentiment may slow the dollar's gains. (Jinshi)
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