The USD/CAD continues to range below the psychological resistance of 1.3500, in Friday’s New York session, despite the release of the United States (US) Personal Consumption Expenditure inflation (PCE) report for August, suggesting that inflation is on track to return to bank’s target of 2%.

The USD/CAD pair trades with caution below the psychological resistance of 1.3500 in Friday’s European session.

The US Dollar (USD) trades lower in the Personal Consumption Expenditures (PCE) aftermath this Friday. The Greenback dips outside of the tight range in where it was stuck visible on the US Dollar Index (DXY) chart. Fed futures are pricing in again a

The Pound Sterling (GBP) recovers sharply above the round-level resistance of 1.3400 against the US Dollar (USD) in Friday’s North American session.

Inflation is slowing so much that some economists said it could pave the way for another big Fed rate cut, if other data suggest one is warranted.

NZD/USD retraces its recent gains, trading around 0.6300 during the European hours on Friday.

Core inflation may have become embedded at a high rate, raising questions about further progress on restoring price stability. | Economy

The Pound Sterling registered minuscule losses against the Greenback, yet it remains close to two-year peak levels on Friday.

The AUD/USD pair oscillates in a narrow trading band below the 0.6900 mark through the first half of the European session on Friday and remains close to its highest level since February 2023 touched earlier this week.

Inflation inched closer towards the Federal Reserve's target last month, according to the Commerce Department, paving the way for future interest rate cuts.

The United States Bureau of Economic Analysis (BEA) is set to release the significant Personal Consumption Expenditures (PCE) Price Index, which is the Federal Reserve’s preferred measure of inflation, on Friday at 12:30 GMT.

Inflation cooled more than economists expected in August, reinforcing expectations that the Federal Reserve will continue cutting interest rates.

The USD/CAD pair regains positive traction during the Asian session on Friday and looks to build on this week's recovery move from the 1.3420 area, or its lowest level since March 8.

The US Dollar Index (DXY) rebounds to near 100.65 during the Asian trading hours on Friday.

EUR/USD retraces its recent gains registered in the previous session, trading around 1.1170 during the Asian session on Friday.

The GBP/USD pair drifts lower during the Asian session on Friday and moves away from its highest levels since March 2022, around the 1.3435 region touched the previous day.

The GBP/USD pair drifts lower during the Asian session on Friday and moves away from its highest levels since March 2022, around the 1.3435 region touched the previous day.

The Japanese Yen (JPY) gains ground as former Defense Chief Shigeru Ishiba won the Liberal Democratic Party's (LDP) presidential election to become Japan's prime minister.

The NZD/USD pair attracts some sellers near the 0.6335 region during the Asian session on Friday and reverses a part of the previous day's strong move up.

Gold price (XAU/USD) extended its record-breaking run for the fifth straight day on Thursday amid the emergence of fresh US Dollar (USD) selling.

The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Friday.

The Indian Rupee (INR) loses momentum on Friday amid the renewed US Dollar (USD) demand from importers related to month-end payments and the likely unwinding of long positions.

(Bloomberg) — Gold trimmed its weekly gain as traders digested fresh US data, capping a week that saw the precious metal notch a string of records on expectations of further interest-rate cuts by the US Federal Reserve.

(Bloomberg) — The Federal Reserve’s preferred measure of underlying US inflation and household spending rose modestly in August, underscoring a cooling economy.

The USD/CAD pair edges lower to near 1.3470 during the early Asian session on Friday, pressured by the weaker US Dollar (USD) broadly.

The AUD/USD pair surged higher on Thursday, rising by 0.90% to 0.6890.

The Greenback navigated quite a bearish session on Thursday, giving away a big chunk of Wednesday’s gains despite higher yields and amidst a persistently firm sentiment in the risk-associated universe.

The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, is flat after a muted market reaction to a slew of robust US economic data.