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How will US Dollar react to US PCE inflation data for June? – LIVE
Following Thursday's upbeat growth report, the market focus shifts to the Personal Consumption Expenditures (PCE) Price Index data for June. Investors remain confident that the Federal Reserve will lower the policy rate several times this year.
EUR/USD stabilizes near 1.0850 ahead of US PCE inflation data
EUR/USD clings to small daily gains at around 1.0850 during the European trading hours on Friday. The pair stays underpinned by the renewed US Dollar weakness, as risk sentiment rebounds ahead of the key US PCE inflation data.
GBP/USD stays firm above 1.2850, US PCE data awaited
GBP/USD is holding mild gains above 1.2850 in the first half of the day on Friday, helped by a broadly weaker US Dollar amid a risk reset. Following Thursday's US GDP report, market focus shifts to Personal Consumption Expenditures Price Index data for June.
Gold clings to gains near $2,370 as markets await key US data
Gold recovers modestly and trades at around $2,370 after finding support near $2,350 on Thursday. Traders now shift their focus toward the monthly release of the US PCE Price Index after Thursday’s second-quarter GDP.
Avalanche price sets for a rally following retest of key support level
Avalanche (AVAX) price bounced off the $26.34 support level to trade at $27.95 as of Friday. Growing on-chain development activity indicates a potential bullish move in the coming days.