Daily digest market movers: DXY mildly up ahead of PCE figures, markets digest mid-tier reports
- The economic report by S&P Dow Jones Indices showed that the S&P/Case-Shiller Home Price fell by 6.6% on a yearly basis in January, slightly lower than expected.
- The House Price Index reported by the Federal Housing Finance Agency (FHFA) in January saw a slight dip of 0.1% in the same month.
- The US Census Bureau reported that Durable Goods Orders increased by 1.4% MoM in February, outperforming the consensus of 1.1% and showing a significant improvement from the previous drop of 6.9%.
- The headline Personal Consumption Expenditures (PCE) is expected to have risen by 2.5% YoY, while the core measure is seen coming in at 2.8%. The outcome of the Fed’s preferred gauge of inflation will dictate the pace of the USD for the short term.
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