Most Read: British Pound Technical Analysis & Trade Setups: GBP/USD, EUR/GBP, GBP/JPY
The U.S. dollar edged higher today, but displayed measured strength amid subdued U.S. Treasury yields. A sense of caution permeated markets as traders anxiously awaited the looming release of the core PCE deflator, the Federal Reserve’s preferred inflation gauge. This economic report can greatly influence the central bank’s monetary policy outlook so it could bring volatility in the days ahead.
Forecasts suggest that January’s core CPI rose 0.4% m-o-m, resulting in a slight deceleration in the yearly print from 2.9% to 2.8%, a…
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