Audrey Freeman: The mild inflation expectations in December still support the bearish outlook for the dollar

According to Jin Ten, foreign exchange strategist Audrey Freeman stated that as expectations for a Federal Reserve rate cut begin to be questioned, the moderate CPI data for December has brought a welcome relief, indicating that it is still too early to abandon expectations for a dovish shift from the Fed this year. This also means that it may still be too early to give up on the bearish outlook for the dollar driven by Fed rate cuts in 2026.