The US dollar and US Treasury yields fell before the announcement of US CPI and the Fed's interest rate decision
According to Jinshi Data on June 12, U.S. Treasury yields and the dollar weakened ahead of the release of U.S. inflation data and interest rate decisions. The market expects that the core CPI annual rate in May is expected to repeat the 3.4% growth in April, and the Federal Reserve is expected to keep interest rates unchanged while updating its economic forecasts. Investors will look to policymakers' forecasts for clues on when the Fed will start cutting interest rates. Yesterday, strong demand for the auction of 10-year U.S. Treasury bonds kept the yield trend in check.
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