XT Research Institute: The US core PCE for May will be announced at 20:30 today, which may affect the cryptocurrency market

Odaily News XT Research Institute reminds that at 20:30 this evening, the U.S. Department of Commerce will release the annual rate of the U.S. core PCE price index in May. The market generally expects that the impact of the U.S. core PCE data will be transmitted to the U.S. dollar index, U.S. Treasury yields and interest rate cut expectations, and may be transmitted to the risk market and cryptocurrency market. The previous value of the data was 2.8%, and the forecast value was 2.6%. If the published value is less than the expected value, it will be bearish for the U.S. dollar and bullish for non-U.S. currencies. Bearish for Treasury yields. Bullish for interest rate cut expectations, bearish for interest rate hike expectations. Bullish for risk markets and bullish for cryptocurrency markets.