The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six other major currencies, retraces its recent gains ahead of the release of the US Personal Consumption Expenditures (PCE) Price Index for June.
The US Dollar edges lower due to improved risk sentiment ahead of the US PCE inflation release. Improved US Treasury yields could provide support for the Greenback. Stronger US economic data have reduced the Fed ’s rate cut expectations for September. The US Dollar Index , which measures the value of the US Dollar against six other major currencies, retraces its recent gains ahead of the release of the US Personal Consumption Expenditures Price Index for June. The DXY trades around 104.
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