US Dollar at session’s high in PCE aftermath
In the wake of the latest Personal Consumption Expenditures (PCE) data release, the US dollar has surged to session highs against major currencies. This development comes as markets digest the implications of the inflationary pressures revealed in the PCE report, further solidifying the greenback’s position as a safe-haven currency amid economic uncertainty. The PCE index, a key measure of inflation closely monitored by the Federal Reserve, rose by X percent in the most recent reading, surpassing market expectations. This uptick …