Forex Today: Eyes on EU and US inflation figures on last day of Q1 – by eren_fxstreet Majors Currencies Macroeconomics Inflation Commodities
The US Dollar continued to weaken against its rivals on Thursday as risk flows dominated the action in financial markets. Eurostat will release the preliminary Harmonized Consumer Price Index data for March on Friday alongside the February Unemployment Rate. Later in the day, the Personal Consumption Expenditures Price Index, the Fed's preferred gauge of inflation, will be featured in the US economic docket.
The US Bureau of Economic Analysis announced on Thursday that it revised the annualized Gross Domestic Product growth for the fourth quarter to 2.6% from 2.7% in the previous estimate. The annual Core PCE inflation in the US is forecast to remain unchanged at 4.7% in February.climbed above 1.0900 in the American session on Thursday before going into a consolidation phase in the Asian session on Friday. The data from Germany showed earlier in the day thatdeclined by 1.
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