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US Dollar weakenes on falling yields after PCE data met expectations

Started by forex4you, Nov 28, 2024, 05:03 am

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Nov 28, 2024, 05:03 am
US Dollar weakenes on falling yields after PCE data met expectations

In 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
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