When is the US February PCE Price Index and how could it affect EUR/USD? – by hareshmenghani Inflation UnitedStates Fed EURUSD Currencies
merican session at 12:30 GMT. The gauge is anticipated to have risen by 0.2% in February as compared to the 0.6% increase in the previous month. The yearly rate possibly edged lower to 5.3% from 5.4% in January. Meanwhile, the Core PCE Price Index - the Fed's preferred inflation measure - likely held steady at the 4.7% YoY rate and rose 0.4% in February.
Conversely, weaker PCE data will fuel fresh speculations that the US central bank might soon pause the rate-hiking cycle. This, along with the prevalent risk-on environment and easing fears of a full-blown banking crisis, should weigh on the safe-haven buck and provide a fresh lift to. Apart from this, the prospects for additional rate hikes by the Europen Central Bank suggest that the path of least resistance for spot prices is to the upside.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
USD/INR Price News: Oscillates above 82.20 as US PCE Price Index hogs limelightThe USD/INR pair is displaying a sideways performance in a narrow range above 82.20 in the Asian session. The asset registered a positive opening as i
Baca lebih lajut »
USD/CAD declines towards 1.3500 on upbeat oil price, US PCE Price Index hogs limelightThe USD/CAD pair has refreshed its five-week low below 1.3516 in the early Asian session amid weakness in the US Dollar Index (DXY) and rising oil pri
Baca lebih lajut »
USD/JPY gathers strength to recapture 133.00 as focus shifts to US PCE Price IndexThe USD/JPY pair is facing barricades in reclaiming the immediate resistance of 133.00 in the Asian session. The major is expected to resume its upsid
Baca lebih lajut »
USD/MXN eases to near 18.10 ahead of Banxico policy and US PCE Price IndexThe USD/MXN has witnessed a marginal decline to near 18.10 in the Asian session after a recovery move. The asset has defended the psychological suppor
Baca lebih lajut »
US inflation expectations refresh three-week high ahead of Core PCE Price IndexUS inflation expectations, as per the 10-year and 5-year breakeven inflation rates from the St. Louis Federal Reserve (FRED) data, challenge the marke
Baca lebih lajut »
AUD/USD keeps the red below 0.6700 mark, focus remains on US PCE Price IndexThe AUD/USD pair retreats sharply from over a one-week high, around the 0.6735-0.6740 region touched earlier this Friday and continues losing ground t
Baca lebih lajut »