U.S. Dollar May Strengthen if April Core Inflation Remains Steady

According to Odaily, ING analyst Chris Turner stated in a report that the U.S. dollar could gain support if April's core inflation remains stable. This scenario would reinforce the Federal Reserve's stance of not rushing to cut interest rates. This month, the market has reduced bets on rate cuts and postponed expectations for the next rate reduction to September. Economists anticipate a 0.3% month-on-month increase in core inflation for April, up from 0.1% in March.