MUFG: Moderate U.S. June Core Inflation Data Could Weigh on Dollar Strength

MUFG1.88%
According to MUFG analyst Lee Hardman, the U.S. June core inflation data to be released on Tuesday could trigger dollar weakness if readings show moderate pressure. Hardman noted that if core inflation remains subdued and energy inflation eases, market participants may pare back expectations for further Federal Reserve rate hikes, potentially limiting dollar strength in the coming week.
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