USD retracing most of the gains from core PCE rise ...Middle East

The USD moved higher on the back of the core PCE data within the US GDP report. However, those gains have nearly been erased. Although the yields are still higher, they are off their highest levels. US stocks have also erased some of their declines with the NASDAQ index now down -1.10% or -167 points. At session lows, the NASDAQ was down -368.83 points. The S&P index was down -81.04 points at session lows. It is currently down -38.39 points.EURUSD:The EURUSD moved down to test its 100 hour moving average (blue line in the chart below) after the higher PCE data. That support level did hold support. The price has now moved back near the high for the day at 1.0739. The current price is trading

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Last updated : 25 April 2024 clock 08:45 PM

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USD retracing most of the gains from core PCE rise ...Middle East

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