The Pound Sterling (GBP) remains sideways above fresh two-week low of 1.2845 against the US Dollar (USD) in Friday’s American session after the release of the United States (US) Personal Consumption Expenditures price index (PCE) report for June.

The United States will release June Personal Consumption Expenditures (PCE) Price Index figures on Friday.

EUR/USD rises above 1.0850 as the US Dollar (USD) declines in Friday's New York session.

The Mexican Peso (MXN) recovers in its most traded pairs on Friday after an over-week-long sell-off.

United States Personal Consumption Expenditures - Price Index (YoY) meets expectations (2.5%) in June

United States Personal Income (MoM) registered at 0.2%, below expectations (0.4%) in June

United States Core Personal Consumption Expenditures - Price Index (YoY) came in at 2.6%, above forecasts (2.5%) in June

United States Personal Spending meets expectations (0.3%) in June

United States Core Personal Consumption Expenditures - Price Index (MoM) above forecasts (0.1%) in June: Actual (0.2%)

United States Personal Consumption Expenditures - Price Index (MoM) in line with expectations (0.1%) in June

EUR/JPY is at risk of recovering after the steep sell-off of the last two weeks has stalled.

USD/CAD has risen to the top of the range it has been trading in since the middle of April.

Mexico Trade Balance s/a, $ down to $-1.944B in June from previous $0.971B

Mexico Trade Balance, $ below forecasts ($1B) in June: Actual ($-1.037B)

Thursday was a bit puzzling. Due to concerns about the current state of the US consumer and general uncertainty about the state of the global manufacturing sector, uncertainty had spread to the currency markets in recent days, Commerzbank FX strategist Volkmar Baur notes.

Gold trades in the $2,370s per ounce on Friday after recovering from the 50-day Simple Moving Average (SMA), as technical traders scalp the bounce after the steep drop of the previous day.

India FX Reserves, USD up to $670.86B in July 15 from previous $666.85B

India Bank Loan Growth declined to 14% in July 8 from previous 17.4%

For some time, we have held a 200bp rate hike to then 18% as base-case for today’s Russian central bank (CBR) meeting.

USD/CNY experienced a sharp down after falling from 7.2760.

EUR/GBP can persist towards the 50-DMA at 0.8465 and the graphical levels of 0.8480/0.8500, Societe Generale FX strategists note.

Russia Interest Rate Decision meets forecasts (18%)

The NZD/USD pair finds temporary support near an almost three-month low of 0.5880 in Friday’s European session after a six-day losing spell.

BoE will judge the stickiness in services inflation as down primarily to one-off factors and may look at more ‘core’ measures that instead point to a less worrying picture.

In just three months, activity surveys in Germany went from showing slower momentum to effectively arguing against any optimism on the economic outlook.

USD/JPY caught a breather on Thursday, now stabilising slightly above 154.0, ING’s FX strategist Francesco Pesole notes.

The US GDP report for the second quarter came in stronger than expected yesterday, ING’s FX strategist Francesco Pesole notes.

Silver price (XAG/USD) falls back after a short-lived pullback move to near $28.00 in Friday’s European session.

The US Dollar (USD) is expected to trade in a 7.2300/7.2650 range.

The US Dollar (USD) is expected to trade in a range between 152.80 and 154.80.