US Dollar Gains Post-PCE Release, Stagflation Fears Loom

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The US Dollar (USD) demonstrates strength ahead of the week’s final economic data releases, bouncing back after Thursday’s volatile reaction to the Q1 GDP figures. While the initial surge fueled by high Personal Consumption Expenditure (PCE) numbers hinted at delayed interest rate cuts, further analysis led to a risk-on shift as stagflation fears took hold. […]