US Dollar weakenes on falling yields after PCE data met expectationsIn Wednesday's session, the US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, ticked 1% lower as markets assess the release of high-tier economic data including a Personal Consumption Expenditures (PCE) reading, the Federal Reserve's (Fed) preferred gauge of inflation.
Source: US Dollar weakenes on falling yields after PCE data met expectations (https://www.fxstreet.com/news/us-dollar-retreats-after-gdp-pce-data-meets-forecast-202411271820)