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The US Dollar (USD) had its worst week since December losing out versus the rest of G10. Economists at ING analyze Greenback’s outlook ahead of the US Consumer Price Index (CPI) report.
We expect inflation figures to put a stop to the Dollar decline this week. The shifts in FX positioning last week no longer justify an exacerbation in USD downward pressure unless key data starts to turn in favour of Fed easing.
There is a non-negligible risk that part of the USD losses driven by Fed Chair Powell’s testimony will be unwound this week.
风险提示：本文所述仅代表作者个人观点，不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证，对于基于该内容所采取的任何行为，不承担任何责任，除非另有书面明确说明。
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