According to a report by Jin Shi Data, ING analyst Francesco Pesole pointed out that the risk balance indicates the dollar may continue to decline. The upcoming U.S. core personal consumption expenditure price index, speeches by Federal Reserve officials, and U.S. tariff dynamics could trigger a new round of dollar depreciation.
Pesole stated that any reading below a month-on-month increase of 0.1% would hurt the dollar. The market is closely watching for signals of interest rate cuts from Federal Reserve officials Kashkari, Williams, and Harker in their subsequent speeches.