Forex Today: US PCE inflation data eyed ahead of long weekend – by eren_fxstreet Currencies Majors Macroeconomics Inflation Commodities
Markets stay relatively calm early Friday as trading conditions remain subdued heading into the Christmas holiday. Germany's Bundesbank will release its monthly report during the European trading hours. In the second half of the day, the US Bureau of Economic Analysis will publish the Personal Consumption Expenditures Price Index, the Federal Reserve's preferred gauge of inflation, data for November.
moves sideways slightly below 104.50 in the European morning. The 10-year US Treasury bond yield extends its sideways grind at around 3.7% and US stock index futures trade little changed on the day.registered small daily losses on Thursday but seems to have steadied slightly above 1.0600 early Friday.dropped to its lowest level in more than three weeks below 1.2000 on Thursday as the risk-averse market environment weighed heavily on Pound Sterling.
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