If the US core inflation remains stable in April, it will bolster the "Fed's reluctance to cut interest rates" sentiment.

BlockBeats News, May 13th - Analyst Chris Turner from ING Group said in a report that if US April core inflation remains stable, the US dollar may receive some support and will "encourage the view that the Fed is not in a hurry to cut interest rates." This month, the market has reduced the odds of a rate cut and has pushed back expectations for the next rate cut to September. Economists expect the April core inflation rate to rise by 0.3% month-on-month, higher than 0.1% in March. (FXStreet)