EUR/USD Current price: 1.0789 European Central Bank policymakers kept hinting at a rate cut coming next June. United States core PCE inflation foreseen steady at 2.8% YoY in February. EUR/USD settled below the 1.0800 mark, heading into the long weekend with a bearish tone. The pair bounced from such a low but retained its negative tone and settled in the 1.0790 price zone.
Finally, the March Michigan Consumer Sentiment Index was upwardly revised to 79.4, much better than the preliminary estimate of 76.5, while Pending Home Sales were up 1.6% MoM in February, beating expectations. Most markets will remain closed on Friday due to the Easter Holiday, although the US will publish the core Personal Consumption Expenditures Price Index, the Fed’s favorite inflation figure, expected to remain stable at 2.8% Year over Year.