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.