EURUSD is on the back foot near 1.0950 in the early European morning. The US Dollar is consolidating weekly gains ahead of the key PCE inflation data. Dovish ECB rate hike will likely keep Euro bears in control. German inflation data eyed as well.
USDJPY is trading around 139.50, recovering ground following a dip to 138.00 The Yen holds the rebound on the BoJ's pledge to guide YCC with great flexibility. The BoJ, however, maintained its ultra-loose policy. US PCE inflation data eyed.
Gold price falls back as Greenback swallows steroids amid US economic resilience. US Q2 GDP, demand for Durable Goods in June remained robust due to higher consumer spending.
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