According to Odaily, following the release of the US PCE data, the US Dollar Index (DXY) experienced a short-term drop of nearly 20 points, currently reported at 104.45. This has led to a general rise in non-US currencies. The Euro to US Dollar (EUR/USD) saw a short-term rise of 20 points, standing at 1.0873. The British Pound to US Dollar (GBP/USD) also experienced a short-term rise of 25 points, reported at 1.2731. The US Dollar to Japanese Yen (USD/JPY) saw a short-term drop of 20 points, reported at 156.95.
In the cryptocurrency market, Bitcoin broke through the $69,000 mark, showing an intraday increase of 0.82%. This significant rise in Bitcoin's value continues to demonstrate the volatile nature of the cryptocurrency market. The financial market will continue to monitor these fluctuations closely, as they can have significant impacts on global economic trends.
