#PCEInflationWatch
There are a lot of important news about currencies today. I will share some of them with you:
- *US Dollar Movements*: The US dollar rose after new threats from US President Donald Trump to impose new tariffs. The US dollar was also affected by the Chicago PMI data, which came in worse than market expectations.¹
- *German Inflation*: Inflation in Germany slowed for the first time in 4 months, as the preliminary reading of the consumer price index in Germany came in lower than market expectations.
- *US Stocks*: US stocks witnessed clear increases after official data showed growth in the core personal consumption expenditure index.
- *Bitcoin*: Bitcoin was subject to some volatility, as it showed some rises and falls. MicroStrategy also announced a public offering of its preferred shares to finance its investments in Bitcoin.²
- *Cryptocurrencies*: There is also news about other cryptocurrencies, such as Ethereum and Ripple, as they showed some rises and falls in prices