Real PCE q/q comes in at 3.2% against 0.7% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The Real PCE q/q for the United States was released at 3.2%. This figure significantly exceeded the consensus expectation of 0.7%, representing a surprise versus consensus of 357.1%. The previous quarter’s reading for this economic indicator was 0.5%.
Following the release, market pairs showed varied movements over the initial 15 minutes. AUDUSD moved +0.9 pips, EURUSD +5.2 pips, GBPUSD -0.3 pips, and NZDUSD +0.5 pips. USDCAD moved +3.6 pips, USDCHF +0.3 pips, and USDJPY -17 pips. XAUUSD moved +7.2 pips. These initial movements are generally small when compared to the median 1-hour moves observed after past releases, such as the median 9 pips for AUDUSD, 11 pips for EURUSD, 14 pips for GBPUSD, 9 pips for NZDUSD, 11 pips for USDCAD, 10 pips for USDCHF, 11 pips for USDJPY, and 26 pips for XAUUSD.