EUR/USD hits multi-year highs as USD struggles despite hotter PCE print

  • The Euro (EUR) climbs for an eighth consecutive day against the US Dollar (USD) on Friday, as the Greenback remains under pressure amid a combination of political and economic headwinds. Renewed criticism of Federal Reserve (Fed) Chair Jerome Powell by US President Donald Trump, easing geopolitical tensions, and a string of mixed US economic data are fueling expectations of a Fed interest rate cut, which is weighing on the US Dollar.