News focuses on core PCE inflation and French elections; potential prolonged political stalemate in France.

From Investing.com: 2024-06-28 05:27:00

The dollar gained ground after the first presidential debate, with Trump seen as putting in a strong showing. Today’s focus is on core PCE inflation, expected to cool to 2.6% y/y. The yen slid, reaching 161 against the dollar, with intervention risks rising. French citizens head to the polls for the first round of elections, with Le Pen’s National Rally likely to secure the most seats. A hung parliament could lead to prolonged political stalemate in France. Market watchers keen on Trump election win bets to support the dollar.



Read more at Investing.com: Core PCE in Focus Ahead of French Elections