Free Trial

USD Dips, Equities Bounce as PCE Misses Forecast

DATA REACT
  • 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.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.