If core inflation in the US remains sticky, the dollar may rise.

Jin10 data reported on May 13, analysts from ING, Chris Turner, stated in a report that if the core inflation in the U.S. remains stable in April, the dollar may receive some support. This will "fuel the argument that the Federal Reserve is not in a hurry to cut interest rates." This month, the market has reduced bets on interest rate cuts and pushed back expectations for the next rate cut to September. Economists expect the core inflation rate in April to rise 0.3% month-on-month, higher than the 0.1% in March.