The dollar remains steady on Friday as it awaits the release of the Federal Reserve’s preferred inflation measure, which is expected to indicate a slowdown.
Set to be published later in the session, the PCE price index for January in the United States is anticipated to show an increase of 2.5% year-on-year, down from 2.6% in December, according to a consensus of analysts surveyed by Bloomberg.
Around 11:55 GMT, the greenback was unchanged against the euro, trading at 1.0399 dollars.
The previous day, the U.S. currency surged after President Trump announced, in yet another policy reversal, that the United States would impose an additional 10% tariff on Chinese goods starting March 4.
On Thursday, U.S. GDP reported a growth of 2.3% in the fourth quarter, in line with analysts’ expectations.
