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The dollar weakened on Friday after US inflation data showed price pressures continuing to cool. The PCE price index rose 0.1% in August and was up 2.2% over twelve months.
Cooler inflation supports expectations of further Fed easing, which tends to weaken the dollar and support dollar-priced commodities.
brecorder.comReutersSep 28, 2024After 47 past bearish report events, US Dollar (Broad) moved a median -0.2% over 5 sessions (34% higher; middle half -0.8% to +0.2%), and -0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
