US Dollar Index Holds Around 101.50 Ahead of PCE Data
The US Dollar Index is trading near 101.50 as markets await the May Personal Consumption Expenditure (PCE) inflation report due at 12:30 GMT.
DXYUSD
The US Dollar Index is trading subdued around the 101.50 level ahead of the release of the US Personal Consumption Expenditure (PCE) Price Index for May. The data, scheduled for 12:30 GMT, is a key inflation gauge watched by the Federal Reserve.
Market participants are positioning cautiously, with expectations that the PCE reading could influence the Fed's next policy moves. A higher-than-expected print may reinforce hawkish bets, while a softer number could weigh on the dollar.
Source: FXStreet Forex News