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US Dollar Price Forecast: Core PCE Miss and Bond Yields Stabilize, GBP/USD and EUR/USD Outlook

By Arslan Ali
From FXEmpire.com

US Dollar Price Forecast: Core PCE Miss and Bond Yields Stabilize, GBP/USD and EUR/USD Outlook

Revised UoM Consumer Sentiment held steady at 74.0, reflecting stable consumer outlook amid mixed economic signals.

The US Dollar Index (DXY) held firm near $107.74 as US 10-year bond yields consolidated around 4.52%, reflecting cautious market sentiment. Core PCE Price Index increased by 0.1%, slightly below expectations, suggesting softening inflation pressures.

Personal income grew 0.3%, while spending rose 0.4%, signaling moderate consumer activity. Revised UoM Consumer Sentiment remained steady at 74.0, reflecting stability in consumer outlook. The Fed's Daly reiterated a cautious tone, highlighting the importance of inflation trends.

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