German Bank: US Dollar Decline Related to Lack of Tariff Effects

After the United States released inflation data lower than expected on Tuesday, Trump once again called for interest rate cuts, and the dollar continued to be under pressure. Trump once again criticized Federal Reserve Chairman Powell for cutting interest rates "too late". Thu Lan Nguyen, director of foreign exchange and commodities research at Deutsche Bank, said in a report that at first glance, the decline of the dollar after the data release seems logical considering the prospect of a faster rate cut by the Federal Reserve. However, this may also reflect the fact that, considering the lack of tariff effects in the data, Trump may feel justified.