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After Dovish Fed and GDP Miss, Can PCE Inflation Rise Rescue the US Dollar?

actionforex.com
 2021-07-29

Cover picture for the articleThe US dollar’s upswing since June has run into trouble as investors are once again questioning how aggressively the Fed will move to scale back its vast monthly asset purchases. Those doubts were heightened after the Fed indicated that a taper decision is still months away and after the US economy grew less than expected in Q2. But the week isn’t over yet and there’s still crucial data coming up on US consumption and PCE inflation for June. Can they rekindle the dollar’s bullish thrust?

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