EUR/USD wraps up trading week at familiar technical levels near 1.0700.
German data broadly missed the mark early Friday.
US PCE inflation met expectations, but good mood was brief.
EUR/USD pivoted into a sideways grind on Friday, wrapping up a flat trading week after Fiber traders found little reason to push the pair meaningfully in either direction. German import prices and labor figures broadly miss the mark, and US Personal Consumption Expenditure Price Index (PCE) inflation failed to spark a meaningful bid despite printing at forecasts.
German Unemployment Change clocked in higher than expected, showing 19K German consumers were added to unemployment figures in June. This is more than the forecast 15K, but still below the previous month’s 25K. The German Unemployment Rate also ticked higher to 6.0% versus the forecast hold at 5.9%.
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