Investing.com - The U.S. dollar showed resilience in early European trading on Friday, retaining most of its overnight gains after the release of expected U.S. inflation data, while the euro shows certain strength.
At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, was trading virtually unchanged at 104.107, after the overnight session. full of fluctuations.
The US dollar is stable
The PCE price index — the Federal Reserve's preferred measure of inflation — cooled in January, according to data released Thursday, but remained well above The central bank's annual inflation target.
This follows a string of strong US economic numbers showing persistent price pressures, leading markets to price in the possibility of a rate cut as early as this month.
June is now seen as the starting point for the Fed's rate-cutting cycle, with traders seeing about 75 basis points of easing this year.
