EUR/USD nudges up slightly to 1.0788 after Core PCE inflation data for February aligns with market forecasts.
Headline PCE inflation for February shows a modest increase, maintaining market anticipation for the Federal Reserve's next moves.
Upcoming speeches by Fed Chair Jerome Powell and Mary Daly are eyed by EUR/USD traders.
The EUR/USD remains barely unchanged on thin trading after the US Bureau of Economic Analysis (BEA) revealed the Federal Reserve’s preferred gauge for inflation, the Core Personal Consumption Expenditure (PCE) price index for February was aligned with estimates. That said, the EUR/USD trades at 1.0788, posting minuscule gains of 0.02%
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