According to Odaily, analysts at Malayan Banking Berhad (Maybank) have indicated in a foreign exchange research and strategy report that the market widely anticipates the U.S. core Consumer Price Index (CPI) for July to slightly decrease from 3.3% in June to 3.2%. This expected inflation data is considered most favorable for the market. While such data might reduce the likelihood of aggressive rate cuts by the Federal Reserve and potentially lead to a further rise in the U.S. dollar, an improvement in risk sentiment could slow the dollar's upward momentum.
