The euro traded modestly higher against the dollar early Friday, while investors awaited Germany's October inflation estimate, a data point relevant to price comparisons across the European Union.
FXStreet's report, published at 4:27 a.m. ET (08:27 UTC), put EUR/USD at 1.1188, up 0.11% for the day, after the pair had earlier reached 1.1215. Its technical-analysis section gave a different current quote, 1.1199, leaving the report inconsistent on the precise exchange rate. FXStreet logged the U.S. Dollar Index at 101.72, still 0.1% lower on the day after it rose from its 101.59 session low.
The Bureau of Economic Analysis (BEA) said Thursday that its advance estimate put real U.S. gross domestic product growth at a 3.4% annual rate in the third quarter of 2026, following 2.2% in the second quarter. Investment, consumer spending and government spending supported growth, while lower exports partly offset it.
The BEA also reported that core personal consumption expenditures (PCE) prices, which exclude food and energy, rose 3.1% year over year in September, after a 3.0% increase in August. The measure advanced 0.3% from the previous month. The BEA scheduled its second estimate of third-quarter GDP for Nov. 25 at 8:30 a.m. EST.
Germany's harmonized index of consumer prices (HICP) is designed to make inflation rates comparable across EU countries and serves as a key measure of price stability in the euro area. Bundesbank data put the country's HICP rate at 3.3% in September, compared with 2.9% in August. On a measure excluding food and energy, inflation slowed to 2.5% from 2.6%.
FXStreet said Germany's October flash estimate was due at 9 a.m. ET (13:00 UTC) Friday. FXStreet and Investing.com each listed a 3.1% year-over-year forecast, below September's official reading. The October figure was still pending at the time of FXStreet's report.
