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Daily Market Update

Dollar Quiet in Thin Holiday Flows

March 29, 2024

The US Dollar is quietly trading sideways in thin holiday flows around the world this morning, as most nations across the globe are closed for the Easter holidays.

Overview

The Fed’s preferred inflation gauge of PCE was released this morning to little fanfare and came in annually on expectations. The monthly reading was a touch lower than expected, taking an ever-so-slight amount of pressure off the Fed. Jerome Powell is due to speak later today, though he is unlikely to provide the Dollar with a concrete direction as trading volume around the world remains low.

IJʿ is open today, even as European and Latin and South American banks are closed.

What to Watch Today…

 

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