Forex today: PCE PCE readings will gain all your attention

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Greenback withdrew further and fell to the levels recently seen in March 2022, when the fears associated with the independence of the Fed burdened the mood of investors, while traders prepared for the issue of additional inflation data on Friday.

Here’s what to watch on Friday, June 27:

The American dollar index (DXY) withdrew the fourth day in a row and questioned support of 97.00 for the first time since March 2022 at the back of mixed profitability and traders’ fears about the independence of the Fed. Inflation assessed by PCE will be in the spotlight, supported by the final U-Micha print, personal income and personal expenses. In addition, Kashkari, Williams, Cook and Hammack Fed are to speak.

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EUR/USD has maintained its stubborn position and climbed to modern perennial peaks north of the 1.1700 barrier. The final examination of EMU consumers and ECB consumer inflation expectations will be published.

GBP/USD followed its risk -related peers and the number of 1,3700 increased after the first time since October 2021. Data from the production of annual cars will be the only version on the channel.

USD/JPY resumed its downward trend and tested the zone 143.70 or multi-day troughs, and the area coincides with the momentary 55-day SMA. The inflation rate in Tokyo, retail sales and unemployment rate will end with a weekly document in the “earth of the rising sun”.

March Aud/USD March North remained on Thursday, rising to fresh seven -month maximas near 0.6560. The next in the Australian calendar will be housing prints and data on the private sector on June 30.

WTI left part of the weekly sale and regained some adhesion, again on Thursday, again, again distinguishing $ 66.00 per barrel.

Generally stubborn tone in the risk convoluted weighed gold and kept about USD 3320 on the ounce of Troy. On the contrary, silver prices added to Wednesday’s recovery and approached $ 37.00 per ounce or five -day maximum.

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