Odaily Planet Daily News📢, XT Research Institute reminds that at 20:30 on July 26, 2024, Singapore time, the US Department of Commerce will release the annual rate of the core PCE price index in June. The market generally expects that the data will have an impact on the US dollar index, US Treasury yields and interest rate cut expectations, and may affect the risk market and cryptocurrency market.

📊 The previous value of the data was 2.6%, and the forecast value was 2.5%. If the published value is lower than the expected value (for example, 2.3%), it may be bearish for the US dollar and bullish for non-US currencies and risk markets, including the cryptocurrency market. Bitcoin, in particular, may benefit from this and usher in a wave of rising prices📈.

Let us wait and see the impact of this data release on the market!