Analyst: PCE and Nonfarm Payroll Data May Confirm Whether the US Dollar’s Rally Can Be SustainedGlonghui, June 24 – Capital.com analyst Daniela Hathorn stated in a report that upcoming US data will determine whether the current rally in the US dollar has further room to run. She noted that if inflation and labor market data continue to support the narrative of interest rates remaining elevated for a longer period, the US dollar should continue to find support. If price pressures begin to ease more rapidly, the market may start to question whether current interest rate expectations have become too aggressive. PCE data (the Federal Reserve’s preferred inflation gauge) and jobless claims data will be released on Thursday, and the nonfarm payrolls report will be released on July 2.Disclaimer: The content of this article solely reflects the author’s opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.Understand the market, then trade.Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.Trade now！
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