Daniela Hathorn: The sustainability of the US dollar's upward trend is determined by the combined impact of CPI and non farm payroll data

According to a report by Golden Ten, Capital.com analyst Daniela Hathorn stated that the upcoming US data will determine whether there is room for the current rise of the US dollar. If inflation and labor market data support interest rates to remain high for a longer period of time, the US dollar will receive support. If price pressure eases faster, the market questions whether current interest rate expectations are too aggressive. PCE data and unemployment claims data will be released on Thursday, and the non farm payroll report will be released on July 2nd.