The European currency continues its slow recovery from session lows, now pushing EUR/USD to the area of 1.0890/95
The pair moved higher after the revision of the US GDP Annualized showed that the economy expanded 2.2% during the fourth quarter vs. 2.4% forecasted. The inflation figures gauged by headline PCE saw consumer prices contracting 0.4% inter-quarter while Core PCE rose 1.1% QoQ, both prints matching the median.
Next on tap will be the US Consumer Sentiment for the current month measured by the Reuters/Michigan index, expected to ease to 92.0 from 95.4. The speech by Chairwoman J.Yellen will close the trading week, expected in the European night.
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