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ING Bank: Upcoming US data could boost the dollar
21hours ago

According to Odaily Planet Daily, ING analyst Francesco Pesole said in a report that the US dollar is expected to rise again because the upcoming data may not be conducive to the United States to cut interest rates in the near future. He said that the core PCE price index for June (an inflation indicator commonly used by the Federal Reserve) released at 20:30 Beijing time may exceed expectations. Other data worth paying attention to is the number of initial jobless claims, which unexpectedly fell for six consecutive weeks. This is the longest period of decline since August-September 2022 and may indicate a strong labor market. In addition, the non-farm payroll data released on Friday may also be "good enough" to support the Federal Reserve to continue to pause interest rate cuts. (Jinshi)