Analyst: Dollar strengthens ahead of inflation data
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2024-12-10 23:32 5,265
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Golden Finance reported that the dollar strengthened as the market awaits tomorrow's inflation data. Economists surveyed by the Wall Street Journal expect the annual CPI rate to be 2.7% in November. If there is a major surprise in any direction, it may change expectations for the Federal Reserve to cut interest rates next week. USD/JPY was up 0.3% on the day, approaching the 152 level. XS.com analyst Rania Gule wrote that the market is worried about Japan's slow economic growth and low inflation. Although Japan's economy posted a strong performance in the third quarter, markets appear cautious about the central bank's willingness to take bold steps on monetary policy.