Yu Xin Bank: CPI will be a key test for the US dollar

GoldenOctober2024

2024-10-10 07:17:55

Data from Jinshi on October 10th: Analysts at Yu Xin Bank stated in a report that following last Friday’s better-than-expected non-farm data, the US CPI data to be released tonight may become another key test for the foreign exchange market, especially for the US dollar. The persistence of prices may lead investors to consider reducing their expectations for future interest rate cuts by the Fed, thus supporting the US dollar. If this happens, the EUR/USD may fall below 1.09, and the USD/JPY may break through 150. A overall decline in CPI may cause a slight drop in the US dollar, but it is unlikely to be enough to push the EUR/USD above 1.10.

View Original

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Comment

0/400

No comments