[PCE is about to be released, which may affect expectations of the speed of the Fed's rate cuts] Golden Finance reported that the US dollar held steady near a one-week high against major currencies on Friday as traders eased expectations of a sharp rate cut by the Federal Reserve. The dollar is expected to end its five-week decline as US job market and GDP data show that the US economy will achieve a soft landing. All eyes are now on the US PCE inflation data to be released later today, which may affect expectations of the speed of the Fed's rate cuts. Federal Reserve Chairman Powell previously said that it is time to revise policy. The direction forward is clear, and the timing and pace of rate cuts will depend on the upcoming data, the changing outlook and the balance of risks.