The USD/JPY pair pulled back from its highest levels since July, retreating to 156.50 following the release of US Personal Consumption Expenditure (PCE) data.

The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, took a hit after soft Personal Consumption Expenditures (PCE) data was released during the European session.

The Australian Dollar consolidates around 0.6200 on Friday as traders digest November’s US Personal Consumption Expenditures (PCE) inflation data.

United Kingdom CFTC GBP NC Net Positions dipped from previous £27.1K to £21.6K

United States CFTC S&P 500 NC Net Positions up to $-39.9K from previous $-83.3K

United States CFTC Oil NC Net Positions climbed from previous 190.1K to 230K

United States CFTC Gold NC Net Positions declined to $262K from previous $275.6K

Japan CFTC JPY NC Net Positions dipped from previous ¥25.8K to ¥6K

Australia CFTC AUD NC Net Positions down to $-61.5K from previous $8.5K

Eurozone CFTC EUR NC Net Positions increased to €-65.9K from previous €-75.6K

United States Baker Hughes US Oil Rig Count up to 483 from previous 482

After suffering a sharp drop of more than 1% on Wednesday, the EUR/USD managed a minor rebound by the end of the week, adding 0.28% to trade near 1.0395 on Friday.

The US Dollar (USD) is residing not far from its fresh two-year high of 108.55 that was hit during the Asian-Pacific trading session. The move was supported by rising US Treasury yields, widening the rate-differential gap with other countries. This means

The GBP/USD pair rebounded towards 1.2540 after the release of US inflation data and the Bank of England's (BoE) monetary policy decision on Thursday.

In an interview with CNBC on Friday, Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said that they are still on a path to get to 2% inflation, adding that it was 'nice' to get an inflation number that's better than expected.

Eurozone Consumer Confidence registered at -14.5, below expectations (-14) in December

United States UoM 5-year Consumer Inflation Expectation came in at 3%, below expectations (3.1%) in December

United States Michigan Consumer Sentiment Index in line with expectations (74) in December

The Pound Sterling (GBP) recovers sharply in North American trading hours after posting a fresh seven-month low near 1.2470 against the US Dollar (USD) on Friday.

Crude Oil prices look unable to avoid a weekly loss of around 2% in yet another downbeat trading day. The mood turned further negative overnight as investors got concerned about the Federal Reserve’s (Fed) hawkish tilt, which could quickly kill off any

In a statement released on Friday, Federal Reserve Bank of Cleveland President Beth Hammack noted that she dissented because the data supported holding the policy rate steady, per Reuters.

The Mexican Peso (MXN) trades with minor gains against the US Dollar (USD) on Friday, regaining some of the ground lost following a ”hawkish cut” by the Federal Reserve (Fed) on Wednesday.

EUR/USD rebounds sharply above 1.0400 in Friday’s North American session after posting a fresh three-week low near 1.0340 in Asian trading hours.

Gold (XAU/USD) is trading with a moderate positive tone on Friday following the sharp sell-off earlier this week.

The GBP/JPY pair is down almost 0.4% to 196.00 in Friday’s North American session.

Inflation in the US, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged higher to 2.4% on a yearly basis in November from 2.3% in October, the US Bureau of Economic Analysis (BEA) reported on Friday.

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

United States Personal Income (MoM) came in at 0.3% below forecasts (0.4%) in November

United States Personal Consumption Expenditures - Price Index (MoM) below expectations (0.2%) in November: Actual (0.1%)

United States Personal Consumption Expenditures - Price Index (YoY) below forecasts (2.5%) in November: Actual (2.4%)