US dollar poised to rally if inflation accelerates, Currencies Direct says
TLT•The US dollar could rally if consumer price data show rising inflation that strengthens Federal Reserve rate expectations, while the Canadian dollar could extend losses if oil prices keep falling.
1. Currency outlook
The US dollar could rally if the consumer price index shows rising inflation that strengthens Federal Reserve interest rate expectations. Profit-taking and a rebound in global stocks pressured the dollar at the week's opening; the Canadian dollar could extend Monday's losses if oil prices continue falling, with Brent at a two-month low.
