ING Groep: U.S. March inflation data may support the dollar’s trend

GateNews

2026-04-10 09:31:52

Gate News, April 10—ING analyst Francesco Pesole said that if U.S. CPI (consumer price index) data shows that inflation in March accelerated sharply due to energy prices rising amid the Iran war, the U.S. dollar could receive support. With high inflation becoming the headline news, even if developments in the Middle East remain the main driver, the threshold for the dollar to fall further today should be higher. The analyst also noted that for the Federal Reserve, the most important question is whether so-called second-round effects emerge in core inflation over the coming months, meaning companies pass higher costs on through higher prices and wages.

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