EUR/USD extends backslide as Greenback catches Friday bid

• EUR/USD trimmed to the downside on Friday, extending into a three day down streak.
• EU inflation brought no surprises, US PCE inflation kept rate bets on balance.
• Coming up next week: Last US NFP jobs data print before next Fed rate call.

EUR/USD tilted further into the red on Friday, extending a downside move into a third straight day and dragging Fiber down to 1.1050 to round out the trading week. EU inflation figures released early Friday failed to impress anybody in particular, and US Personal Consumption Expenditure Price Index (PCE) didn’t stray far from forecasts, keeping broad-market bets on rate cuts aimed squarely at the Federal Reserve’s (Fed) next rate call on September 18.

US PCE figures for July didn’t deliver any notable surprises to round out the trading week. MoM US core PCE inflation held steady at 0.2%, as expected, but the YoY core PCE inflation figure held steady at 2.5% versus the anticipated move up to 2.6%.