Dutch International: Inflation and corporate tax payments provide short-term support for the dollar, but it will be under pressure after interest rate cuts

ChainCatcher news, according to Jinshi reports, Chris Turner from ING stated in a report that the dollar may receive temporary support this week due to potential higher-than-expected U.S. inflation data and the upcoming corporate tax payments. Economists expect that the data released on Thursday will show a 0.3% month-on-month increase in August inflation, with a risk of a 0.4% increase. The deadline for U.S. corporate tax payments is September 15, which may also provide support for the dollar. ING expects the dollar index to rise to 98.5 this week, but the dollar will come under pressure again after next week's Federal Reserve meeting.