Real PCE q/q comes in at 3.4% against 3.2% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The Real PCE q/q for the United States was released today, showing an actual figure of 3.4%. This reading came in above the consensus estimate of 3.2%, and also surpassed the previous quarter’s figure of 3.2%. The surprise against consensus measured 6.2%.
Following the release, market reactions were observed across several pairs. Fifteen minutes after the data, AUDUSD moved -7.2 pips, EURUSD moved -9.1 pips, USDCAD moved +6.6 pips, and USDCHF moved +8.5 pips. These moves were smaller than their respective median 1-hour moves of 9 pips, 11 pips, 11 pips, and 10 pips after past releases. GBPUSD moved -16 pips, compared to its median 1-hour move of 15 pips. NZDUSD moved -9.9 pips, compared to its median 1-hour move of 9 pips. USDJPY moved +17 pips, compared to its median 1-hour move of 11 pips. XAUUSD moved -64 pips, compared to its median 1-hour move of 25 pips.