 Dollar sees a significant dip in early US session after release of economic data showed a slower than expected headline PCE inflation and a slight decline in core PCE inflation. In contrast, Eurozone reported a tick up in core inflation for the same period. Stock futures rally on this news, while benchmark treasury yields dip Overall, the data, at least, doesn't lend support to more aggressive tightening by Fed. As the month draws to a close, both Yen and Greenback are poised to end as the worst performers. Despite a slight hiccup in response to today's disappointing data, Canadian Dollar takes the crown as the strongest performer for the month, with Aussie Dollar taking the runner-up position, despite widespread selloffs this week. European majors are showing a mixed performance, with no clear winner among them. In Europe, at the time of writing, FTSE is up 0.89%. DAX is up 1.25%. CAC is up 1.28%. Germany 10-year yield is down -0.014 at 2.408. Earlier in Asia, Nikkei dropped -0.14%. Hong Kong HSI dropped -0.09%. China Shanghai SSE rose 0.62%. Singapore Strait Times dropped -0.04%. Japan 10-year JGB yield rose 0.0161 to 0.400. |
