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US PCE data pretty much as expected- EUR/USD largely unchanged

The most eagerly awaited US PCE report of recent times has just been released. As noted here earlier, the markets were expecting a slightly higher annualised  deflator reading in the February non-core rate, to 2.5% from 2.4%. The February core annualised rate was expected to remain unchanged, at 2.8%. Well, that is pretty much what we got, although the monthly rate of income was slightly lower. The dollar has not immediately charged higher on this data and that is probably understandable. In terms of a positive dollar reaction to this data, it probably needed stronger data really. The EUR/USD was trading at 1.0780 ahead of this release. It did lift to above 1.0790 after it, but right now one has to say the reaction thus far is hardly conclusive 

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