Dutch group: Potential surge in US inflation could support the dollar.

Francesco Pesole of the Dutch International Group stated that due to the recent increase in energy prices caused by the Iran war, if the data released at 12:30 Greenwich Mean Time shows a significant acceleration in US inflation in March, the US dollar may receive support. "In a report, he said, "Against the backdrop of high inflation making headlines, the threshold for the US dollar to fall again today should be higher, even though the developments in the Middle East remain the main driving factor." However, he stated that for the Federal Reserve, the most important thing is whether there will be a so-called second-round effect in core inflation in the coming months, that is, the effect of companies passing on higher costs through prices and wages. The DXY dollar index rose 0.1% to 98.993.