Gate.io: Weaker-than-expected inflation may push the euro and the dollar to 1.09

On July 11, Jin10 Data reported that the Eurozone calendar was calm and that there was no significant progress in the French election, meaning that the euro would be driven by US events, including tonight’s CPI inflation data. Francesco Pesole, an analyst at Rabobank, said in a report that the yield spread between French and German 10-year bonds has remained stable at around 65 basis points, and although the market may lose patience with the political deadlock, we still believe that there is a risk of re-expansion of the interest spread, but the focus should shift to US macroeconomic developments for the remaining time of this week. He said that as US inflation data may be slightly lower than expected, the dollar may weaken and the euro against the dollar may rise from the current 1.0838 to 1.0900.