EUR/USD Remains Flat Ahead of Eurozone PMI!
EUR/USD moved flat around 1.1770 during the Asian session Friday morning, with the market opting to hold its position ahead of the release of key US data. The euro's upside appears limited as speculation about the ECB leadership has reignited, although recent reports suggest Christine Lagarde has reiterated her focus on her duties and will announce any immediate plans to step down.
From the US side, the dollar remains supported by a combination of strong labor data and the FOMC minutes, which were seen as more cautious about easing. Several Fed officials emphasized the risk of inflation remaining above target, thus tempering expectations for an imminent interest rate cut—making it difficult for EUR/USD to move aggressively.
The market now awaits the release of flash US Q4 GDP and PCE inflation figures scheduled for Friday, which could shift the dollar's direction if they miss estimates. From Europe, attention is also focused on the preliminary releases of Eurozone and German PMIs, which could potentially influence euro sentiment if activity indicators improve or weaken. (asd)
Source: Newsmaker.id