The U.S. Dollar has experienced a slight pullback against major currencies such as the Euro, British Pound, Canadian Dollar, and Japanese Yen. This comes as the Personal Consumption Expenditures (PCE) Index met expectations.
In terms of the Euro to U.S. Dollar (EUR/USD) pair, the Euro has strengthened slightly against the Dollar. The British Pound to U.S. Dollar (GBP/USD) pair has also seen some gains for the Pound. Meanwhile, the U.S. Dollar to Canadian Dollar (USD/CAD) pair has seen a slight decline in the value of the Dollar.
The U.S. Dollar to Japanese Yen (USD/JPY) pair has experienced some fluctuations as well. Overall, the U.S. Dollar has pulled back against these major currencies following the release of the PCE Index meeting estimates.
Investors will continue to monitor these currency pairs closely as economic data and market conditions evolve.