The dollar remains stable, and the market is paying attention to the US CPI data to determine the path to rate cut

According to ChainCatcher, the dollar remains stable on Thursday, and traders are waiting for key US CPI data to determine the Fed's path to rate cut. Michalis Rousakis, a G10 exchange rate strategist at Bank of America, said the market is looking for reasons to re-adjust the Fed's interest rate cut and push the dollar lower. He pointed out that market expectations have reflected the expectations of a rate cut in September or more, almost three times before the end of the year. Bank of America expects to cut interest rates twice this year.