US PCE Price Index causes market moves

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The publication of the Core PCE Price Index at 13:30 GMT, has caused a decline of the US Dollar, which is boosting the financial markets and peer currencies

The Core PCE Price Index is the main measure that the US Federal Reserve has admitted to be using to in determining its policy. The inflation index revealed that price had increased on a month-on-month basis by 0.2%. However, the market consensus was that inflation had increased by 0.3%. The surprise caused the drop of the USD, as lower inflation signals that the Fed does not need to continue its strict monetary tightening policy.

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