US Dollar Fundamental Forecast: US Dollar Eyes Inflation Data After NFP Boost

That said, a beat on next week’s inflation data may inspire additional confidence in the US economic recovery - underpinning the USD further. Markets will also get a read on consumer sentiment data through the University of Michigan’s consumer sentiment survey. Again, a better-than-expected print may bolster the economic outlook and push the US Dollar higher. Inflation expectations through breakevens have been on the move higher as the US outlook strengthens.

US Dollar Index (DXY) Vs. US 10-Year Breakeven Inflation Rate

US Dollar vs breakeven inflation rate

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