Market news
26.05.2023, 09:30

USD: Only a soft Core PCE can stall the rally – ING

Today, it is all about the release of the US Core PCE deflator. Unless we see a soft figure, the Dollar is set to stay bid, economists at ING report.

USD Index to rally toward the 105.88 high on a weekly close above the 104.00/20 area

“Today is all about the April US Core PCE deflator. Expectations are for another firm 0.3% month-on-month / 4.6% year-on-year figure which will feed into the narrative that core inflation is not falling as quickly as the Fed would like. Unless this surprises on the downside, expect the Dollar to stay bid.”

“A DXY close above the 104.00/104.20 area opens up a run at the 105.88 high next week.”

See – US Core PCE Preview: Forecasts from four major banks, inflation to stay elevated in April

© 2000-2023. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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 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

Live Chat E-mail
Choose your language / location