U.S. Dollar Index gains ground as traders react to PCE Price Index report. The report indicated that PCE Price Index increased by +2.6% year-over-year, compared to analyst forecast of +2.5%.
In case U.S. Dollar Index settles above the 100.00 level, it will head towards the nearest resistance, which is located in the 100.40 – 100.55 range.
EUR/USD gained some ground as traders reacted to the higher-than-expected inflatin data from Germany. Inflation Rate remained unchanged at 2% in July, compared to analyst forecast of 1.9%.
If EUR/USD manages to settle back above the 1.1465 level, it will head towards the resistance at 1.1575 – 1.1590.
