Idea for next week.
Market Insight: Dollar Dips as PCE Data Fuels Rate Cut Speculation
The U.S. Dollar Index is edging lower as traders digest the latest Personal Consumption Expenditures (PCE) report, which has heightened expectations for a Federal Reserve rate cut in September. The greenback’s movement is closely tied to the 200-day moving average, a key technical level that may determine its short-term direction.
At 13:32 GMT, the U.S. Dollar Index is trading 104.283, down 0.116 or -0.11%.
The U.S. Dollar Index is edging lower as traders digest the latest Personal Consumption Expenditures (PCE) report, which has heightened expectations for a Federal Reserve rate cut in September. The greenback’s movement is closely tied to the 200-day moving average, a key technical level that may determine its short-term direction.
At 13:32 GMT, the U.S. Dollar Index is trading 104.283, down 0.116 or -0.11%.
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