Read more
12:32 PM · 31 March 2023

BREAKING: USD drops after soft PCE data

USD/JPY
Forex
-
-

The US data pack for February, including PCE inflation data, was released today at 1:30 pm BST. PCE data turned out to be softer than expected with headline measure dropping from 5.4 to 5.0% YoY (exp. 5.1% YoY). Core gauge also decelerated - from 4.7 to 4.6% YoY - while market expected it to stay unchanged. Personal spending data missed expectations slightly, while personal income turned out to be slightly better than expected.

US, data pack for February

  • Headline PCE: 5.0% YoY vs 5.1% YoY expected (5.4% YoY previously)
  • Core PCE: 4.6% YoY vs 4.7% YoY expected (4.7% YoY previously)
  • Personal Income: 0.3% MoM vs 0.2% MoM expected (0.6% MoM previously)
  • Personal Spending: 0.2% MoM vs 0.3% MoM expected (exp. -0.1% MoM previously)

Market reaction to the release can be seen as dovish - USD pulled back while equities gained. EURUSD jumped back towards 1.09, USDJPY dropped below 133.00 mark and US500 is testing 4,100 pts area.

USDJPY at H1 interval. Source: xStation5

15 December 2025, 1:32 PM

BREAKING: NY Empire Index much lower than expected! 📉

15 December 2025, 1:31 PM

BREAKING: Mixed Inflation in Canada↔️USDCAD muted

15 December 2025, 8:01 AM

Economic calendar: Industrial production in the EU, inflation in Canada (15.12.2025)

15 December 2025, 7:32 AM

BREAKING: Swiss PPI deflation eases on yearly basis🇨🇭 CHF stable

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits