Ella 
The euro maintained its muted reaction and is currently defending the $1.08 level.
Yesterday’s trading pattern was choppy and interesting, and although the moves were limited, signs of change were clear and the euro ultimately managed to hold on to the 1.08 level without any potential downside.
The published US economic growth report remains optimistic that the US economy currently has no signs of recession.
While market expectations for interest rate cuts from the Federal Reserve and the European Central Bank remain unchanged, some major changes may come later in the day with the release of the Personal Consumption Expenditures Price Index (PCE). The Personal Consumption Expenditures Price Index is one of the Fed’s favorite indicators used to make policy decisions.
The international market continued to fall throughout the day yesterday, with the S&P barometer index continuing the correction of the latest trading day. However, the dollar’s gains were limited.
Overall, the situation in the market remains the same, with the US dollar trying to develop a positive dynamic, however, without much intensity, while on the other hand, the European currency once again recalls its good reaction behavior at the negotiating table ability.
Today’s agenda is very interesting. In addition to the Fed’s favorite index as a precursor to inflation data, the agenda is supplemented by the University of Michigan’s U.S. Consumer Confidence Survey.
