International Netherlands: Even if inflation exceeds expectations, the US dollar cannot continue to rise.

[ING: Even if inflation exceeds expectations, the dollar is unlikely to sustain a rise] ING Group analyst Francesco Pesole stated in a report that the U.S. inflation data to be released later today may exceed expectations, but any rise in the dollar is likely to be short-lived. He noted that labor market data is more influential than inflation data, as people believe that price shocks caused by tariffs are temporary, and the latest non-farm payroll report has been significantly revised downward. He mentioned that if inflation is higher than expected but accompanied by further deterioration in the labor market, it may still align with the Fed's expectations for a rate cut in September. This means that higher-than-expected inflation is unlikely to lead to a sustained rise in the dollar. ING forecasts that the core inflation rate in July will rise by 0.4% month-on-month, higher than the 0.3% widely expected by economists. ( Jin10 )

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