XE Market Analysis: US Dollar Firm Supported by Inflation Data

OVERVIEW

  • US Core PCE price index rises 1.9%, consumer spending increases 0.4%.
  • GBP soft as banks revise forecasts for UK rate hikes.
  • German inflation unexpectedly slows, supports ECB caution.
  • Mexican economic growth accelerates 1.1% in the first three months of 2018.

HIGHLIGHT