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Stocks rally but dollar holds firm on soft PCE inflation

Expectations of further Fed rate hikes evaporate after dip in core PCE. Stocks rejoice but dollar stays in demand as yen’s comeback bid falters. RBA decision coming up, BoE next on Thursday ahead of US jobs report.Risk Warning: Our services involve a significant risk and can result in the loss of your invested capital. *T&Cs apply.Please consider our Risk Disclosure: https://www.xm.com/goto/risk/enRisk warning is correct at the time of publication and may change. Please check our Risk Dis...

Broadcast on:
31 Jul 2023

Expectations of further Fed rate hikes evaporate after dip in core PCE. Stocks rejoice but dollar stays in demand as yen’s comeback bid falters. RBA decision coming up, BoE next on Thursday ahead of US jobs report.

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Please consider our Risk Disclosure: https://www.xm.com/goto/risk/en

Risk warning is correct at the time of publication and may change. Please check our Risk Disclosure for an up to date risk warning

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