EUR/USD surges as US macro data looms

The Euro traded expensively against the Dollar, hovering just beneath the $1.14 mark, as investors await US macro data announcement later on Friday. Releases on personal spending, income as well as the employment cost and PCE indices may later give a grasp of the potential inflation levels. The consumer confidence gauge is expected to slightly pick up, while it is likely that the Chicago PMI will slip moderately.