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By
Emese Bartha, Dow Jones Newswires
The dollar was rising ahead of key U.S. inflation data for November at 08:30 a.m. Eastern Time. However, DZ Bank Research’s Mario Schimmels said the dollar could “depreciate somewhat” in the short term if annual core inflation falls to 3.2% in November from 3.3% in October as DZ expects.
“Although the price-dampening effect of energy prices has probably lost some of its power, price pressure on services is expected to ease,” Schimmels added.
Wage pressure has eased and apartment rents are only rising slightly for new contracts, he said.
Analysts polled by The Wall Street Journal forecast an unchanged core reading of 3.3%.
The DXY U.S. dollar index rises 0.2% to one-week high of 106.684.
