Core PCE Price Index y/y comes in at 3% against 3.3% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The Core PCE Price Index year over year for the United States came in at 3%, according to data released today. This figure was lower than the consensus expectation of 3.3% and also below the previous reading of 3.3%. The actual print represented a -9.1% surprise compared to analyst forecasts. This key inflation gauge is closely watched for its implications on monetary policy.
Following the release, the US Dollar showed broad weakness against major currencies. AUDUSD rose 14 pips 15 minutes after the release, exceeding its median 1-hour move of 8 pips. EURUSD gained 15 pips, while GBPUSD was up 15 pips. NZDUSD advanced 13 pips, surpassing its median 1-hour move of 8 pips. USDCAD fell 20 pips, reaching its top-quarter move threshold. USDCHF declined 17 pips, exceeding its top-quarter move threshold of 13 pips. USDJPY dropped 25 pips, also exceeding its top-quarter move threshold of 21 pips. Gold, XAUUSD, saw a significant rise of 207 pips, well above its typical median 1-hour move of 29 pips.