Francesco Pesole, an analyst at ING, said in a note that the dollar could appreciate if data released later showed that U.S. core inflation remained high in December. He said that the market generally expects core inflation to be 0.2% and 0.3% month-on-month, with an average expectation of 0.25%. ING expects the data to record an increase of 0.3%, which could increase expectations that the Federal Reserve will take cautious measures to cut interest rates, which could help the dollar appreciate. ...
The Dutch International Bank made it clear that even if OPEC + takes action, the balance of the oil market will still be in excess in 2025, which means that prices may continue to be under pressure. It is expected that the average price of oil will be $X next year.