Bank of America analysts believe that if the US inflation report unexpectedly falls short of expectations, the US dollar may experience a relatively stronger reaction, as this will “basically rule out” the possibility of the Federal Reserve's interest rate hike in September and poses a challenge to current market pricing.

Bank of America analysts believe that if the US inflation report unexpectedly falls short of expectations, the US dollar may experience a relatively stronger reaction, as this will “basically rule out” the possibility of the Federal Reserve's interest rate hike in September and poses a challenge to current market pricing.