Monex Europe analyst Nick Rees said in a note that Tuesday’s US June inflation print slowed more than expected, leaving the dollar at further downside risk. He said Monex still expects the Fed to keep policy rates unchanged through 2026, conditional

2026-07-14

Monex Europe analyst Nick Rees said in a note that Tuesday’s US June inflation print slowed more than expected, leaving the dollar at further downside risk. He said Monex still expects the Fed to keep policy rates unchanged through 2026, conditional on cooling Middle East tensions and contained oil prices. Rees added that markets still price a rate hike before year-end, and that expectation could weigh on the dollar.