The U.S. core PCE for May will be released today at 20:30, which may affect the cryptocurrency market

ChainCatcher message, XT Research Institute reminds that at 20:30 tonight, the U.S. Department of Commerce will release the U.S. May Core PCE Price Index year-on-year. The market generally expects that the U.S. Core PCE data will affect the U.S. Dollar Index, U.S. Treasury yields, and interest rate cut expectations, and may also impact the risk market and cryptocurrency market.

The previous value of this data was 2.8%, and the forecast value is 2.6%. If the published value is lower than the expected value, it will be bearish for the dollar and bullish for non-U.S. currencies. It will be bearish for Treasury yields, bullish for interest rate cut expectations, and bearish for interest rate hike expectations. It will be bullish for the risk market and bullish for the cryptocurrency market.