On April 11, Unicredit Bank research analysts said that looking forward to the rest of the week, the market’s attention will continue to focus on US economic data, including CPI data, retail sales, industrial production and the University of Michigan’s consumer confidence index.
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CPI data on Wednesday, which could show a modest acceleration in core inflation, could boost the dollar if markets further adjust bets on Fed rate cuts, but only briefly, as interest rate differentials between the U.S. and the rest of the world are expected to tighten.
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