Investing.com – The U.S. dollar drifted lower Friday, ahead of the release of key U.S. inflation data, which could drive sentiment with the Federal Reserve meeting next week.
At 04:55 ET (08:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 105.395, having climbed to 106.00 on Thursday.
Dollar awaits PCE data
Data released on Thursday showed that U.S. grew at a 1.6% annualized rate in the January-March period, much slower than the 2.4% rate expected.
That said, the report also showed that underlying inflation as measured by the core personal…
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