Dollar Rally May Endure Beyond Weak PCE
The rapid dollar rally in June pushed EURUSD to its strongest level since last May and lifted the DXY back above the 100 mark. Despite weak PCE data, the rally may persist.
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The dollar's rapid rally in June has brought EURUSD to its strongest level since May of the previous year. The broad DXY index has also climbed back above the 100 level, where it had lingered for most of the past 12 months.
Despite the release of weaker-than-expected PCE data, the rally may continue, suggesting resilience in the greenback.
Source: FXStreet Forex News