When is the US February PCE Price Index and how could it affect EUR/USD? – by hareshmenghani Inflation UnitedStates Fed EURUSD Currencies
merican session at 12:30 GMT. The gauge is anticipated to have risen by 0.2% in February as compared to the 0.6% increase in the previous month. The yearly rate possibly edged lower to 5.3% from 5.4% in January. Meanwhile, the Core PCE Price Index - the Fed's preferred inflation measure - likely held steady at the 4.7% YoY rate and rose 0.4% in February.
Conversely, weaker PCE data will fuel fresh speculations that the US central bank might soon pause the rate-hiking cycle. This, along with the prevalent risk-on environment and easing fears of a full-blown banking crisis, should weigh on the safe-haven buck and provide a fresh lift to. Apart from this, the prospects for additional rate hikes by the Europen Central Bank suggest that the path of least resistance for spot prices is to the upside.
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