US Dollar finds some gains on calm sessions, eyes on PCE

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The US Dollar is trading with mild gains at 104.3, close to Friday's peak of 104.50. The Federal Reserve has adopted a cautious approach toward the easing cycle, signaling caution but not panic over higher inflation projections. Investors are waiting for incoming data, particularly the Personal Consumption Expenditures (PCE) figures for February, which are expected to dictate the pace of the USD in the short term. The odds of easing starting in June stand near 60%. US Treasury bond yields are falling. Technical analysis suggests that the US Dollar Index is under bulls control with stable buying pressure and a long-term bullish bias.

#UsDollar #FederalReserve #Inflation #PceFigures

https://www.fxstreet.com/news/us-dollar-trades-mildly-up-in-quiet-wednesday-202403271644