The U.S. Dollar faces downward pressure as recent jobless claims show an unexpected uptick. Traders are now closely monitoring upcoming PCE inflation data, which could significantly influence market movements. With the dollar moving away from its highs, pairs like EUR/USD and GBP/USD are poised for potential shifts. Market participants remain cautious as they await this crucial economic indicator, which is the Federal Reserve’s preferred measure for inflation. Keeping a close watch on these developments can provide traders with insights that might shape their next strategic moves.