EUR/USD (EURUSD=X)
| Previous close | 1.0835 |
| Open | 1.0854 |
| Bid | 1.0854 |
| Day's range | 1.0854 - 1.0854 |
| 52-week range | 1.0450 - 1.1276 |
| Ask | 1.0848 |
- Investing.com
Dollar steadies ahead of U.S. growth, inflation data
The U.S. dollar steadied in early European trade Thursday near two-week highs, supported by rising yields and rising conviction the Federal Reserve will not cut interest rates anytime soon. A spate of stronger-than-expected economic data, hawkish comments from a number of Fed officials and a run of poorly received auctions have seen bond yields rise sharply, spurring a rush to the safest assets and boosting the dollar. Conviction is growing that the Fed will not cut interest rates any time soon, and traders are waiting for confirmation from Friday’s PCE price index data, the Fed’s preferred inflation gauge, that inflation remained sticky through April.
- Investing.com
Dollar slips lower ahead of core PCE release; euro gains
The U.S. dollar edged lower in early European trade Tuesday on a slight pickup on risk sentiment, but traded in tight ranges ahead of the release of key inflation data. The dollar slipped slightly Tuesday, but trading ranges remain tight ahead of Friday’s release of the U.S. core personal consumption expenditures price index report - the Federal Reserve's preferred measure of inflation. Expectations are for the core PCE index to hold largely steady on a monthly basis, and comes as markets are becoming resigned to the higher-for-longer interest rate narrative after last week's Fed minutes, along with cautious sounding remarks from a number of policymakers.
- Investing.com
Dollar steadies after sharp gains post Fed minutes; sterling retains strength
The U.S. dollar handed back some of the previous session’s gains Thursday, but remained near a one-week high after the release of hawkish minutes from the last Federal Reserve meeting suggested U.S. interest rates would remain elevated for some time. The minutes of the Fed’s late-April meeting showed policymakers were growing increasingly concerned over sticky inflation, with some Fed officials talking about potentially raising rates further to bring down inflation. Several Fed officials have subsequently cautioned about inflation levels in speeches following the gathering.
