Scotiabank: CPI data may reinforce the overall downward trend of the US dollar
According to Golden Ten Data, ChainCatcher reports that Scotiabank's Chief FX Strategist, Shaun Osborne, stated that although the data contains some noise and a certain degree of caution is still required regarding this data release, the decline of the US dollar may not be excessively amplified. However, combined with yesterday's downward trend, this should reinforce the market's overall impression of a downward trend for the US dollar.
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