EURUSD

Supported by the weakness in the Dollar Index throughout the week, the EUR/USD pair is focused on the US Core PCE inflation data to be released today at 15:30. If the data comes in line with or lower than expectations, it will increase the perception of the Fed signaling a green light for interest rate cuts, thus enhancing the weakness of the dollar and allowing the pair to continue its upward trend by widening its weekly gains. However, an inflation figure that exceeds expectations has the potential to undermine the "soft landing" scenario, leading to a sudden recovery in the dollar and a sharp profit-taking in the pair.