Markets News
The US core PCE price index rose to 3.1% year-on-year in September from 3% last month. Is the dollar about to rise?
· The US core PCE price index rose to 3.1% year-on-year in September from 3% in the previous month, in line with expectations. This news is positive for the US dollar. · US weekly initial jobless claims data continued to hover near a 57-year low. This news is bullish for the US dollar. · A weak PC market and Intel's fourth-quarter earnings guidance falling short of expectations sent its stock plunging 22% in after-hours trading. This news is negative for Intel.
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