Dutch International: The rise of the dollar may be difficult to sustain, attention should be paid to inflation data

ChainCatcher news, according to Jinshi reports, Dutch bank analyst Francesco Pesole stated that the ability of the dollar to continue its gains this week seems limited. Although the alleviation of concerns about bad loans at U.S. regional banks has boosted the dollar, he pointed out that unless the market finds a reason to rule out one of the three rate cuts by the Federal Reserve before March next year, it will be harder to find reasons for further dollar appreciation. Pesole believes that the most realistic driver for the repricing of interest rate expectations this week will be Friday's higher-than-expected U.S. inflation data, but this is unlikely to happen.