The US dollar remains stable, the market pays attention to US CPI data to judge the path to rate cuts

The dollar remained stable on Thursday, as traders awaited key U.S. CPI data to determine the Fed's path to cut interest rates, according to ChainCatcher. Michalis Rousakis, a G10 exchange rate strategist at Bank of America, said the market is looking for reasons to re-adjust the Fed's interest rate cut and push the dollar lower. He pointed out that market expectations have reflected the expectations of a rate cut in September or more, almost three times before the end of the year. Bank of America expects to cut interest rates twice this year.