USD flows: USD little changed after data

The core PCE price index was in line with expectations at just 0.1% in May, but the April index was revised up to 0.3% from 0.2%. However, the risks to the May index were to the upside so US yields have moved a little lower in response, with PCE and personal income respectively slightly weaker and slightly stronger than expected. With May Canadian GDP also in line with consensus at 0.3%, there isn’t a lot to move the market in the data and we may drift towards the end of the week, with only the UoM confidence data to come.