Sina Financial News Kristoffer Kjaer Lomholt, head of foreign exchange and Intrerest Rate strategy at Danske Bank, said that the US inflation data to be released tonight may be the key to determining the near-term outlook for the dollar and US Intrerest Rate, but it will not "change the rules of the game". "We don't expect today's CPI to be a game-changer as the data will be broadly in line with the Consensus," he said in his note. He added that Danske Bank Research believes that the euro is still a selling option against the dollar from a strategic point of view.
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Danske Bank: U.S. CPI will not change the "rules of the game" and will be in line with expectations
Sina Financial News Kristoffer Kjaer Lomholt, head of foreign exchange and Intrerest Rate strategy at Danske Bank, said that the US inflation data to be released tonight may be the key to determining the near-term outlook for the dollar and US Intrerest Rate, but it will not "change the rules of the game". "We don't expect today's CPI to be a game-changer as the data will be broadly in line with the Consensus," he said in his note. He added that Danske Bank Research believes that the euro is still a selling option against the dollar from a strategic point of view.