US DOLLAR STRUGGLES TO CAPITALIZE ON UPBEAT DATA AHEAD OF PCE INFLATION

The US Dollar Index managed to post small daily gains on Thursday following the robust macroeconomic data releases from the US but seems to be struggling to gather further bullish momentum early Friday. The benchmark 10-year US Treasury bond yield holds steady above 3.5% and US stock index futures trade modestly lower on the day after having rallied on Thursday. Ahead of the weekend, the Personal Consumption Expenditures (PCE) Price Index data from the US will be watched closely by market participants. Personal Spending and Personal Income figures for December will also be featured in the US economic docket alongside Pending Home Sales and the University of Michigan's Consumer Sentiment Index (final) for January.