Upcoming PCE and Non-Farm Data Will Determine if Dollar Rally Can Extend, Says Capital.com Analyst

According to Jin10, Capital.com analyst Daniela Hathorn stated that upcoming U.S. PCE inflation data and non-farm employment reports will determine whether the dollar's current rally has further room to advance. If inflation and labor market data continue to support a narrative of higher interest rates lasting longer, the dollar should receive continued support; conversely, if price pressures ease faster, the market may question whether current rate expectations are too aggressive.
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