Agency: If the US core CPI declines, the US dollar may turn down
This article is machine translated
Show original
Odaily Odaily News: The dollar edged higher ahead of U.S. inflation data for November, which will be released later today. However, Mario Schimmels of DZ Bank Research said the dollar could "depreciate somewhat" in the short term if annual core inflation falls to 3.2% in November from 3.3% in October, as the bank expects. "While the price-suppressing effect of energy prices may have lost some of its effect, price pressures in the service sector are expected to ease." He said wage pressures have eased and apartment rents have only risen slightly in new contracts. Most analysts surveyed by The Wall Street Journal expect core CPI to remain unchanged at 3.3%. (Jinshi)
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content