Dutch International: Even if inflation exceeds expectations, the US dollar is unlikely to continue to rise.

Analyst Francesco Pesole of the Netherlands International Group stated in a report that the US inflation data to be released later today may exceed expectations, but any increase in the US dollar may be short-lived. He said that labor market data is more influential than inflation data, as people believe that price shocks caused by tariffs are temporary, and the latest non-farm payroll report has been significantly revised downwards. He said that if inflation exceeds expectations but is accompanied by further deterioration in the labor market, it may still meet the market's expectations of a rate cut by the Federal Reserve in September. This means that higher-than-expected inflation is unlikely to lead to a sustained increase in the US dollar. The Netherlands International Group expects the core inflation rate in July to rise by 0.4% on a month-on-month basis, higher than the consensus expectation of 0.3% among economists.