Agency: If the US core CPI declines, the US dollar may turn down

the US inflation data for November will be released later today, and the US dollar has risen slightly before this. However, Mario Schimmels from the research department of Germany's Central Cooperative Bank said that if the annual core inflation rate drops from 3.3% in October to 3.2% in November as expected by the bank, the US dollar may "devalue" in the short term. "Although the price suppression effect of energy prices may have lost some of its effectiveness, it is expected that the price pressure in the service industry will ease." He said that wage pressure has eased and apartment rents have only slightly increased in new contracts. Most analysts surveyed by The Wall Street Journal expect core CPI to remain unchanged at 3.3%.