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EUR/USD continues to trade in positive territory above 1.0600 in the second half of the day on Friday. The data from the US showed that the annual core PCE inflation declined to 4.7% in November from 5% in October and made it difficult for the US Dollar to gather strength.
GBP/USD has struggled to make a decisive move in either direction with the initial reaction to the US data and stayed within its daily range at around 1.2050. The US Bureau of Economic Analysis reported that the Core PCE Price Index declined to 4.7% on a yearly basis in November.
Gold price edged higher to $1,800 but found it difficult to gather bullish momentum with the benchmark 10-year US T-bond yield holding steady near 3.7%. The Core PCE inflation in the US rose 0.2% in November as expected and Durable Goods Orders fell 2.1% in October.
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