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ING International: Inflation and Corporate Tax Payments to Provide Short-Term Support for USD, Pressure Expected After Rate Cut
Summary: According to sources, Chris Turner of ING International Group stated in a report that the US dollar may receive temporary support this week due to potential higher-than-expected US inflation data and upcoming corporate tax payments. Economists predict that data released on Thursday will show a 0.3% month-on-month increase in inflation for August, with a risk ...
According to sources, Chris Turner of ING International Group stated in a report that the US dollar may receive temporary support this week due to potential higher-than-expected US inflation data and upcoming corporate tax payments. Economists predict that data released on Thursday will show a 0.3% month-on-month increase in inflation for August, with a risk of a 0.4% increase. The deadline for US corporate tax payments is September 15, which may also support the dollar. ING International expects the US dollar index to rise to 98.5 this week, but the dollar will face pressure again after the Fed meeting next week.
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Link: ING International: Inflation and Corporate Tax Payments to Provide Short-Term Support for USD, Pressure Expected After Rate Cut [Copy]
