Forex Today: US Dollar struggles to capitalize on upbeat data ahead of PCE inflation – by eren_fxstreet Currencies Majors Macroeconomics Commodities
managed to post small daily gains on Thursday following the robust macroeconomic data releases from the US but seems to be struggling to gather further bullish momentum early Friday. The benchmark 10-year US Treasury bond yield holds steady above 3.5% and US stock index futures trade modestly lower on the day after having rallied on Thursday. Ahead of the weekend, the Personal Consumption Expenditures Price Index data from the US will be watched closely by market participants.
snapped a fix-day winning streak on Thursday and edged slightly lower early Friday. The pair was last seen trading at around 1.0870. European Central Bank President Christine Lagarde is scheduled to deliver a speech at 1030 GMT but she is unlikely to comment on the policy since the 'quiet period' has already started.came under modest bearish pressure and during the Asian trading hours and dropped below 1.2400 after having closed virtually unchanged on Thursday.
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