Capital.com Analyst: PCE and Jobs Data to Determine If Dollar Rally Has Further Room on June 24

According to Capital.com analyst Daniela Hathorn on June 24, upcoming U.S. economic data will determine whether the dollar's current rally has further upside. If inflation and labor market data continue supporting the narrative of sustained higher interest rates, the dollar should remain supported. Conversely, faster easing of price pressures could prompt markets to reassess rate expectations. PCE data (the Federal Reserve's preferred inflation gauge) and jobless claims will be released on Thursday, while the non-farm payrolls report is scheduled for July 2.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments