$BTC
Powell's Speech and CPI Data on the Eve!
The Dollar's Trend Remains Stable Awaiting Change!
The dollar market is trading steadily today, with investors focusing on two major highlights——
Federal Reserve Chair Powell is about to speak! On Tuesday, Powell “revealed his thoughts” in front of the Senate Banking Committee: Is the Federal Reserve in a hurry to cut interest rates? Not yet! Tonight at 11 PM, he will continue to speak at the House Financial Services Committee, and the market is holding its breath!
And another major event——the U.S. CPI data will also be revealed tonight! Credit Suisse analyst Ipek Ozkardeskaya predicts: If the inflation data is lower than expected, the dollar may “breathe a sigh of relief,” and concerns about price pressures may ease; conversely, if the data is stronger than expected, the dollar may “skyrocket” along with Treasury yields, and risk appetite may be suppressed!
Powell's speech and CPI data, a dual approach! Where will the dollar trend go?
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