Fengye Bank: The CPI data this time may strengthen the downward market impression of the overall trend of the US dollar.
Sean Osborne, Chief FX Strategist at Fengye Bank, stated that although there is noise in the data, caution is still needed for this data release, and the decline in the US dollar may not be excessively amplified. However, combined with yesterday's decline, this should strengthen the overall market impression of the US dollar trending downward.
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