The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is flat and orbits around 107.30 at the time of writing on Friday and tries to keep a hold on that level.
Markets got shaken up again overnight as United States (US) President Donald Trump confirmed that tariffs for Canada and Mexico are going into effect on March 4. Meanwhile, China will face an additional 10% levy on the same day.
On the economic data front, all eyes on Friday were on the Personal Consumption Expenditures (PCE) data for January.
In the second reading of the US Gross Domestic Product (GBP) for the fourth quarter of 2024 on Thursday, the PCE components for both the headline and the core reading were revised up.
Though the January numbers were in line of expectations and did not trigger or see any outside moves.
Source: FXStreet
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