EURUSD

The currency pair has shown a recovery against the weakened Dollar following the US Consumer Confidence data announced yesterday, which fell significantly short of expectations. Today, all eyes will be on the 3rd Quarter GDP and the Core Personal Consumption Expenditures (PCE) data, which is the Fed's preferred inflation indicator, as they will provide a clear picture of the overall health of the US economy. Weaker-than-expected data could strengthen expectations for Fed interest rate cuts, supporting the rise in the currency pair.