Dollar Could Rise Further if U.S. PPI Is Firm, ING Says
ING's Chris Turner says firm U.S. wholesale inflation and signals of further Fed rate rises could extend the dollar's rally. He expects October U.S. PPI to keep the hot-inflation narrative alive.
The dollar's sharp rally could have further to go if U.S. wholesale inflation at 1330 GMT are firm and Federal Reserve policymakers signal further interest-rate rises, ING's Chris Turner says in a note. "The October U.S. PPI [data] looks likely to keep the narrative of hot U.S.
inflation alive." Th…