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US CPI data due tonight could be another key test for currency markets, particularly the dollar, following Friday's stronger-than-expected non-farm payroll data, analysts at UniCredit said in a note. Persistent stickiness in prices could lead investors to consider reducing expectations for future rate cuts by the Federal Reserve, thereby supporting the dollar. If this happens, the EUR/USD could fall below 1.09 and the USD/JPY could break through 150. A decline in the headline CPI could cause the...
Robert Mialich, foreign exchange strategist at UniCredit, said the Federal Reserve could cut interest rates by 25 basis points next week instead of 50 basis points, which would be good for the dollar but have little impact. Mialich said a 25 basis point cut means the Fed is not planning to ease policy aggressively, which could prevent the dollar from falling further but is unlikely to trigger a strong recovery. "EUR/USD could continue to trade above 1.10," he said. However, if the Fed cuts inter...
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