- Analytics
- News and Tools
- Market News
- DXY: PCE must exceed forecasts or Euro inflation must underwhelm for the uptrend to continue – SocGen
DXY: PCE must exceed forecasts or Euro inflation must underwhelm for the uptrend to continue – SocGen
The US Dollar Index (DXY) is up 2.4% since January on repricing of Fed cuts from six to three. Economists at Société Générale analyze Greenback’s outlook.
Headline +0.3%, Core +0.4%
PCE inflation is the next signpost on Thursday. We forecast headline +0.3% (2.4% YoY) and Core +0.4% (2.8% YoY). The spotlight will be on Core services after the 0.8% MoM spike in equivalent CPI two weeks ago.
The repricing of Fed cuts from six to three since January has boosted the DXY by 2.4% over the past eight weeks but doubts over sustained upswing have emerged following the failure to orbit 105.00 after CPI and PPI. PCE must exceed forecasts or Euro inflation must underwhelm for the trend to continue.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
