Chicago PMI at 45.5 beats expectations; US dollar mixed; gold falls; GBP/USD steady above 1.2600.
The Canadian dollar strengthened as USD/CAD peaked at 1.4452 before retreating; key levels include 1.4395 and 1.4471.
USD/CAD declines slightly after US PCE inflation and Canadian GDP data, while Canadian Dollar faces weakness ahead.
GBP steady around 1.2600 as USD stabilises. Core PCE inflation declines, impacting Federal Reserve policy and interest rates.
US stocks set to rise slightly despite Nvidia’s decline; S&P 500 futures up 9 points after losses.
EUR/USD rises to 1.0410 after US PCE data; German HICP exceeds expectations; support at 1.0285, resistance 1.0530.
US advance wholesale inventories rose 0.7% instead of falling 0.5%, raising concerns about tariff-related stockpiling.
US inflation fell to 2.5% in January; core PCE rose 2.6%. USD strengthened against NZD by 2.46%.
US trade deficit hit $153.26 billion in January as imports surged amid tariff concerns, marking a record high.
Gold’s price drops 3% to $2,860 after tariffs; June rate cut odds rise to 71.8%.
