Scotiabank: CPI data may reinforce the overall downward trend impression of the dollar

According to Jin Ten, Shaun Osborne, Chief Foreign Exchange Strategist at Scotiabank, stated that despite the noise in the data, a certain level of caution should be maintained regarding this data release, and the decline of the dollar may not excessively widen. However, combined with yesterday's downward trend, this should reinforce the market's overall impression of a downward trend for the dollar.