EUR/USD Surges Despite Hotter-Than-Expected US Core PCE Inflation Data
The EUR/USD pair rose above 1.0850 in Friday’s New York session, defying expectations as the US Dollar weakened despite the release of hotter-than-expected US core Personal Consumption Expenditures (PCE) price index data for June. Market Reaction: The core PCE inflation, the Federal Reserve’s preferred gauge, came in at 2.6% year-on-year, exceeding the forecast of 2.5%. […]
