Danske Bank: The US dollar remains high, CPI may struggle to change the strength

Danske Bank analyst Silje Bue stated that the US dollar remains near an 18-month high due to weakened market risk appetite and supportive comments from Federal Reserve officials regarding interest rate hikes.

The market is focused on the US inflation data on Wednesday to assess the Federal Reserve's future interest rate decisions. Bue mentioned that even if the CPI data indicates that the Federal Reserve may raise rates once each quarter, the strong pattern of the dollar may be difficult to change.