PCE Price Index m/m comes in at 0.3% against 0% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The PCE Price Index m/m for September was released at 0.3%, exceeding the consensus expectation of 0%. This figure also represents an increase from the previous month’s reading of 0.2%.
Following the release, the US Dollar showed broad weakness against major currencies. AUDUSD rose 14 pips 15 minutes after the release, while EURUSD gained 15 pips, and GBPUSD moved up 15 pips. NZDUSD also saw a 13-pip increase. Against the Canadian Dollar, the USD fell, with USDCAD down 20 pips. USDCHF declined by 17 pips, and USDJPY dropped 25 pips. Gold, XAUUSD, advanced 207 pips. Comparing these moves to historical data, the 14-pip rise in AUDUSD is above its median 1-hour move of 8 pips and near its top-quarter threshold of 13+ pips. EURUSD’s 15-pip gain is above its median of 11 pips but below its top-quarter threshold of 20+ pips. GBPUSD’s 15-pip move is near its median of 14 pips but below its top-quarter threshold of 26+ pips. NZDUSD’s 13-pip rise is above its median of 8 pips and near its top-quarter threshold of 14+ pips. USDCAD’s 20-pip decline is above its median of 13 pips and at its top-quarter threshold of 20+ pips. USDCHF’s 17-pip drop is above its median of 7 pips and its top-quarter threshold of 13+ pips. USDJPY’s 25-pip fall is above its median of 10 pips and its top-quarter threshold of 21+ pips. XAUUSD’s 207-pip advance is significantly above its median 1-hour move of 29 pips and its top-quarter threshold of 52+ pips.