EUR/USD (EURUSD=X)
| Previous close | 1.0861 |
| Open | 1.0862 |
| Bid | 1.0846 |
| Day's range | 1.0833 - 1.0864 |
| 52-week range | 1.0450 - 1.1276 |
| Ask | 1.0840 |
- 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.
- Investing.com
Dollar steady ahead of Fed minutes, sterling gains on CPI release
The U.S. dollar traded calmly Wednesday ahead of the release of the minutes from the last Federal Reserve meeting, while sterling gained as inflation fell by less than expected in April. The dollar is struggling to move in any meaningful fashion as traders await the release of the minutes from the last Fed meeting, searching for more cues on the likely path of U.S. interest rates towards the end of the year. Last week’s soft-than-expected consumer inflation data raised hopes of rate cuts in a reasonably short time, but a series of Fed officials have continued to call for policy caution.
