US Dollar Forecast: Inflation Remains in Focus Amid Stabilizing Yields
The Core PCE index rose only 0.1%, missing forecasted expectations, which softens inflation concerns. As bond yields stabilize at 4.52%, the US Dollar Index (DXY) shows resilience near $107.74. Analysts observe the interplay between inflation data and currency fluctuations, emphasizing the need for traders to stay updated on economic indicators. The outlook for GBP/USD and EUR/USD remains tied to broader economic sentiment and inflation dynamics, shaping potential movements in these currency pairs.
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