Analyst: The US dollar may decline further after inflation falls short of expectations

According to Golden Ten Data on July 14, Monex Europe analyst Nick Rees stated in a report that following Tuesday’s data showing the slowdown in U.S. inflation in June was more significant than expected, the U.S. dollar faces further downside risk. He said that Monex continues to expect the Federal Reserve to keep interest rates unchanged until 2026, provided current Middle East tensions ease and oil prices remain controlled. He added that, given the market still expects a rate hike before the end of the year, this expectation could weaken the U.S. dollar.