Key Points
LONDON (Reuters) The U.S. dollar held steady versus major currencies on Friday ahead of key inflation data later in the day, as traders weighed how the U.S. economys faster than expected growth would influence Federal Reserve thinking on interest rate policy...
Data on Thursday showed the worlds largest economy grew more than forecast in the fourth quarter at 3.3% and showed price pressures were easing, adding to speculation the Fed would be in no rush to cut interest rates...
U.S. personal consumption expenditures data the Feds preferred gauge of inflation is due out at 1330 GMT on Friday...
The European Central Bank (ECB) held rates as expected on Thursday, and comments from its president Christine Lagarde that seemed less worried about the inflation outlook added to bets on a rate cut in April...
Euro zone inflation could fall faster than expected this year as economic growth remains anaemic, according to two key surveys published by the ECB on Friday, potentially bolstering bets for rate cuts...
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