Dutch International: US inflation data may support the dollar's trend

According to Jinshi reports, ING analyst Francesco Pesole stated that if the U.S. CPI data shows a significant acceleration in March inflation driven by rising energy prices due to the Iran war, the dollar may gain support.

Although the situation in the Middle East remains a major driving factor, the threshold for further declines in the dollar today should be raised. He also pointed out that the Federal Reserve needs to pay attention in the coming months to whether core inflation will experience a second-round effect, where businesses pass on higher costs through prices and wages.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.