Real PCE q/q comes in at 3.8% against 3.4% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The Real PCE q/q for the United States was released today at 12:31 UTC, showing a 3.8% increase. This figure came in above the consensus expectation of 3.4%, representing an 11.8% surprise against the forecast. The previous quarter’s reading was also 3.4%.
Following the release, the US Dollar showed weakness against major pairs. AUDUSD rose 14 pips 15 minutes after the release. EURUSD gained 15 pips, and GBPUSD was up 15 pips. NZDUSD increased by 13 pips. USDCAD fell 20 pips, USDCHF dropped 17 pips, and USDJPY declined 25 pips. Gold, XAUUSD, moved up 207 pips. Compared to historical top-quarter moves, AUDUSD’s 14 pips was near the 15+ pips threshold, while EURUSD’s 15 pips was below its 18+ pips. GBPUSD’s 15 pips was notably smaller than its typical 27+ pips top-quarter move. NZDUSD’s 13 pips was close to its 14+ pips. USDCAD’s 20 pips was below its 23+ pips. USDCHF’s 17 pips was just under its 18+ pips. USDJPY’s 25 pips was below its 28+ pips, and XAUUSD’s 207 pips was significantly above its 76+ pips top-quarter move.