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Forex Today: US Dollar consolidates weekly gains ahead of key inflation data
Here is what you need to know on Friday, February 28: The US Dollar (USD) Index, which tracks the USD's performance against a basket of six major currencies, clings to small daily gains after touching a two-week-high near 107.50 early Friday.Fxstreet
Feb 28, 2025
EUR/USD weakens below 1.0400 as traders brace for US PCE release
The EUR/USD pair remains under selling pressure near 1.0390 during the Asian trading hours on Friday. The Euro (EUR) weakens against the US Dollar (USD) amid the risk-off mood. The US Personal Consumption Expenditures (PCE) Price Index will take center stage later on Friday.Fxstreet
Feb 28, 2025
Japanese Yen strengthens as hawkish BoJ expectations offset softer Tokyo CPI print
The Japanese Yen (JPY) attracted fresh buyers during the Asian session on Friday following Bank of Japan (BoJ) Deputy Governor Shinichi Uchida's hawkish remarks, saying that the underlying inflation rate is gradually rising toward the 2% target.
Fxstreet
Feb 28, 2025
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