Euro Holds Above 1.1650 as Markets Await US Inflation Data

The EUR/USD pair held steady above 1.1650 on Friday as traders awaited the US Personal Consumption Expenditures (PCE) price index release.

This data is closely watched by the Federal Reserve, which uses it to gauge inflation and inform monetary policy decisions.

Analysts expect a year-over-year increase of around 2.5% in the core PCE index, but a higher-than-expected reading could strengthen the dollar and push EUR/USD lower.