• The US Dollar has Trump and Suzuki to thank for its early recovery on Friday. 
• All eyes on the Fed's preferred inflation gauge: PCE
• The US Dollar index hovers around 106.00, back to Wednesday’s levels. 

The US Dollar (USD) is having difficulties in pricing in all events and elements that are moving in the markets. Traders are still digesting the Trump-Biden debate where nearly everyone saw former US President Donald Trump as the victor. Not much time though to fret over the event, with risk increasing that the Japanese Ministry of Finance might intervene later this Friday after the Japanese Yen hit a fresh multi-decade low against the US Dollar and snapped above 161. 

On the US economic calendar front, only one element which counts, and that is the Fed’s preferred core inflation gauge: Personal Consumption Expenditure Index. Disinflation is expected to remain on track. So only a very large disinflationary surprise would be able to weaken the US Dollar, while an in-line or bigger number would mean a stronger Greenback by the end of this week.