1:36 PM · 28 August 2020

BREAKING: US Core PCE inflation rise to 1.3 %

Core PCE prices in the US which exclude food and energy rose 1.3 % year-over-year in July, following 0.9 % gain in June and above market expectations of 1.2% increase. On monthly basis, core PCE inflation edged up to 0.3 % from 0.2 % in previous month.

EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.19 level. Source: xStation5

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