Japanese Yen reverses earlier gains as US Dollar firms after PCE data

Dollar Gains Most in Over Two Weeks as PCE Backs Fed Hike

The dollar rose by the most in over two weeks, recovering about half of the losses triggered by Treasury Secretary Scott Bessent’s surprise move last week to prop up the bond market, as inflation data bolstered bets that the Federal Reserve will start raising interest rates by year end.

Japanese Yen reverses earlier gains as US Dollar firms after PCE data

The Japanese Yen (JPY) gives up its earlier gains against the US Dollar (USD) on Wednesday as traders react to the latest United States (US) inflation data. At the time of writing, USD/JPY trades around 159.41, recovering from an intraday low of 158.88. The headline Personal Consumption Expenditures (PCE) Price Index rose 0.2% MoM in July, above the 0.1% forecast and reversing the 0.1% decline recorded in June. On an annual basis, headline infla…

PCE Runs Hotter-Than-Expected – Time for a Hike?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips The inflation gauge Warsh actually watches… Bitcoin's 200-day reclaim… don't forget silver… Nvidia’s earnings? The post PCE Runs Hotter-Than-Expected – Time for a Hike? appeared first on InvestorPlace.

USD strengthens after PCE data, Fed rate hike expectations rise

The USD's rise and Fed rate hike expectations could pressure gold prices, affecting investment strategies and market dynamics globally. The post USD strengthens after PCE data, Fed rate hike expectations rise appeared first on Crypto Briefing.