The US dollar's performance remained good in trading yesterday Thursday as market attention was focused on the PCE price index data that measures personal consumption spending in the United States (US) published in the New York session yesterday.
Being one of the components of inflation that is a favorite indicator of the central bank, the figure was recorded at 0.3% for June, showing the biggest increase in 4 months.
In line with the consumer price index (CPI) reading that was also published increased previously, expectations were raised that the Federal Reserve (Fed) may not implement an interest rate cut at the September meeting.
President Donald Trump also reacted after the data was published, repeating criticism of Fed Chairman Jerome Powell who accused him of causing the US economy to suffer trillions of dollars in losses.
Although the US dollar still maintains a strengthening pattern, momentum has once again slowed as investors prepare ahead of the US NFP employment report.
Forecast figures for July are less encouraging with job growth expected to slow down, and the unemployment rate is expected to rise.
The development of tariff negotiations is also positive with the extension of the tariff suspension period by Trump ending today, August 1.
Several countries have managed to reach an agreement to negotiate with the United States with lower tariff rates.
Trump reportedly gave Mexico a 90-day grace period to negotiate on the tariffs.
