Agency: If the US core CPI declines, the US dollar may turn down

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ODAILY
12-11
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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)

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