Dollar Index Puts on a Slow Cruise
The U.S. dollar index dipped a smidge as investors sit by the fireplace waiting for the Personal Consumption Expenditures Price Index (PCE) due on Thursday.
Think of it as a kid on a swing—if the PCE rockets higher than expected, the Federal Reserve could tighten its grip on money, which might make the dollar flex even more.
Euro’s Quiet Moment
- The euro nudged a hair higher against the dollar.
- Everyone’s eyeing ECB President Lagarde’s speech later today.
- Traders are holding their breath, waiting for more data before the ECB’s policy meeting next week.
So, if the Eurozone’s inflation numbers for Germany and France come in hotter than expected, that could stir the euro .
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