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USD Dips, Equities Bounce as PCE Misses Forecast

  • The greenback slips on the back of the softer than expected PCE release - headline deflator missed forecast as well as core - while downward revision to core PCE prices (Jan to 0.5% from 0.6% prior) also adds pressure.
  • Equities gained in tandem with global bond markets, helping Bund futures through first resistance at 135.80.
  • Focus turns to the MNI Chicago PMI and the Final UMich sentiment release.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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