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Wednesday, May 31, 2017

Forexlive Americas FX news wrap: US dollar weakens after Core PCEs YoY decline

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Forex news for NY traders on May 30, 2017.
In other markets today:
– Spot gold is trading down -$6.45 to 1263.13
– WTI Crudie is trading down $-0.28 to $49.52
Today, US Core PCE came out +0.2% (vs +0.2% estimate) and the YoY came in at 1.5% vs 1.6% last month. The YoY is the lowest since December 2015 after peaking near 1.8%.  It is going the wrong way.  

May 31, 2017 at 02:07AM

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from Greg Michalowski

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