Dollar steady as PCE data sets up June rate cut bets; yen in focus

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The dollar was broadly steady on Monday as data showing easing U.S. prices bolstered bets that the Federal Reserve could cut interest rates in June. The personal consumption expenditures (PCE) price index rose 0.3% in February, compared to the 0.4% rise forecasted by economists. Markets are now pricing in a 68.5% chance of the Fed cutting rates in June. The yen loitered near 152 per dollar, keeping traders on edge on the threat of intervention. Japan's plans for the yen remain difficult to predict, but the finance minister has warned against rapid yen moves.

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https://finance.yahoo.com/news/dollar-steady-pce-data-sets-011202774.html