June 13th, Jinshi data, Kit Juckes, a forex strategist at BNP Paribas, said that the dollar continues to track the Fed's policy expectations with "extraordinary enthusiasm." In a report, he said that Wednesday's inflation data was slightly lower than expected, "further reducing the possibility that the Fed's next move will be a rate hike rather than a rate cut." He said: "The key to a rate cut is now more inclined to economic growth data rather than CPI." He added that with inflation decelerating, slowing growth will open the door to an earlier rate cut. BNP Paribas research expects the US dollar index to maintain range fluctuations until the US economic growth slows down.