EUR/USD Holds Steady Amid Core PCE Meeting Expectations

Friday, 29 March 2024, 12:57
The EUR/USD has maintained stability with minimal movement following the release of the Core Personal Consumption Expenditure (PCE) data for February by the US Bureau of Economic Analysis. The data aligned closely with market expectations, indicating a steady inflation environment. Investors are closely monitoring these developments to gauge the impact on currency markets.
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EUR/USD Holds Steady Amid Core PCE Meeting Expectations

EUR/USD Steady Amid Core PCE Data

The EUR/USD remains barely unchanged on thin trading after the US Bureau of Economic Analysis (BEA) revealed the Federal Reserve’s preferred gauge for inflation, the Core Personal Consumption Expenditure (PCE) price index for February was aligned with estimates.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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