Lates News

Netherlands International Group analyst Francesco Pesole said that if US CPI data shows that inflation in March accelerated significantly due to rising energy prices caused by the Iran war, the US dollar may gain support. With high inflation making headlines, even as developments in the Middle East continue to be the main driving factor, the threshold for further depreciation of the US dollar today is likely to be raised. However, he said 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, where companies pass on higher costs through prices and wages.