The dollar held steady as traders focused on the U.S. CPI for clues on interest rate cuts

ChainCatcher news, according to Jinshi reports, the dollar remained steady on Thursday as traders awaited key U.S. CPI data to determine the Federal Reserve's rate cut path. Bank of America G10 currency strategist Michalis Rousakis stated that the market is looking for reasons to readjust the Federal Reserve's rate cuts and push the dollar lower. He pointed out that current market expectations have already reflected a rate cut in September or possibly more, and have almost priced in expectations for three rate cuts before the end of the year. Bank of America expects two more rate cuts this year.