Forex
Euro Holds Firm as Markets Eye Crucial US Inflation Data
The euro has held steady above 1.1650 against the US dollar on Friday as traders await the release of the latest US Personal Consumption Expenditures (PCE) price index.
The PCE data is a key indicator for the Federal Reserve's monetary policy decisions, and its release will likely provide fresh direction for the EUR/USD exchange rate.
Analysts project a year-over-year increase of around 2.5% for the core PCE index, which excludes volatile food and energy prices.