The U.S. CPI in February was strong, analysts predict that the dollar may strengthen
Dutch international forex analyst Francesco Pesole said that the market's reaction to the unexpectedly strong US CPI for February on Tuesday has been under control so far, with the dollar exchange rate remaining stable. However, this news may soon push up the dollar. He believes that high CPI should support a stronger dollar from its current level, and it is very likely that the dollar will find more support in the coming days. Currently, Federal Reserve Chairman Powell's message of "rate cuts this year" continues to generate strong reactions among investors.
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