US: Inflation around or slightly below zero might not weaken the Dollar further – Commerzbank Inflation UnitedStates DollarIndex Banks
is the December inflation data due to be published by the Bureau of Labor Statistics on Thursday. The Dollar could stay resilient even with a soft reading, in the opinion of Ulrich Leuchtmann, Head of FX and Commodity Research at Commerzbank. “The majority of analysts polled by Bloomberg expect that consumer prices will not have risen in December. If that turns out to be correct, we could bet on everything being priced in, with the Dollar not coming under pressure. However, I am not so sure.
“I am not so certain whether in an environment such as that an inflation reading around or slightly below zero might not weaken the Dollar further after all.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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