Dollar Holds Breath Ahead of CPI
The US dollar index fluctuated around 98.4 on Thursday, but remained within the previous session's strengthening zone. The market appeared cautious as investors began to position themselves ahead of the November US CPI release, which is expected to show price pressures remain above the Fed's target.
Mixed US labor data earlier this week hasn't significantly changed the market outlook—investors still expect at least one interest rate cut in the future. Fed official Christopher Waller said there's still room to cut rates due to signs the labor market is softening, while Raphael Bostic was more cautious and signaled he doesn't expect another rate cut in 2026.
Besides the CPI, attention is also focused on a series of major central bank decisions: the ECB and Bank of England will be announced today, with the Bank of Japan following on Friday. The combination of US inflation data and these central bank decisions has the potential to make the dollar and global markets even more volatile in the next 24-48 hours. (az)
Source: Newsmaker.id
