The US dollar remained stable on Monday as investors awaited the release of the Personal Consumption Expenditures (PCE) data, which is expected to influence bets on a potential interest rate cut by the Federal Reserve in June. The focus also shifted to the Japanese yen as global forex markets reacted to the latest economic developments.
The PCE data, a key indicator of inflation and consumer spending, is closely monitored by the Federal Reserve in determining its monetary policy decisions. A weaker-than-expected PCE reading could increase expectations of a rate cut, putting pressure on the dollar.
