ING: The US dollar's gains may be unsustainable; attention should be paid to inflation data

ChainCatcher news, according to Golden Ten Data, ING analyst Francesco Pesole stated that the US dollar's ability to extend this week's gains appears limited. Although the easing of concerns over bad loans at US regional banks has boosted the dollar, he pointed out that unless the market finds a reason to rule out one of the three rate cuts by the Federal Reserve before March next year, it will be more difficult for the dollar to rise further. Pesole believes that the most realistic driver for a repricing of rate expectations this week would be higher-than-expected US inflation data on Friday, but this is unlikely to happen.