Dollar could rise if US core inflation remains sticky

Odaily News Chris Turner, an analyst at ING Group, said in a report that if core inflation in the United States remains stable in April, the dollar may get some support. This will "fuel the argument that the Fed is in no hurry to cut interest rates." The market has scaled back its bets on rate cuts this month and postponed expectations for the next rate cut to September. Economists expect core inflation to rise 0.3% month-on-month in April, higher than 0.1% in March. (Jinshi)