TechFlow news, XT reminds you to pay attention to macroeconomic data. At 20:30 Singapore time on June 28, 2024, the U.S. Department of Commerce will release the year-over-year core PCE price index for May.
Expected impact: The market broadly anticipates that the U.S. core PCE data will influence the U.S. Dollar Index, U.S. Treasury yields, and rate cut expectations, potentially affecting risk markets and the cryptocurrency market.
Data impact: The previous value was 2.8%, with a forecast of 2.6%.
If the actual figure is less than the expected value—for example, if the reported U.S. May core PCE price index comes in at 2.5%, below the forecast of 2.6% and prior value of 2.8%—it would be negative for the U.S. dollar and positive for non-USD currencies. It would be negative for Treasury yields, positive for rate cut expectations, negative for rate hike expectations, positive for risk markets, and positive for the cryptocurrency market.
*Not intended as investment advice
