USD firms as Costco, Dell earnings approach; key inflation data ahead

USD has maintained recent gains with major pairs consolidating ahead of tonight's Costco and Dell earnings reports. While not direct forex catalysts, these tech bellwethers could influence broader risk sentiment affecting currency flows. Costco is expected to report EPS of $3.78 versus last year's $3.78, with revenues projected at $63.13 billion compared to $58.52 billion previously. Dell forecasts show EPS at $1.70 versus $1.27 year-over-year, with revenues expected at $23.18 billion. These results may provide insights into consumer spending and tech sector health, potentially impacting USD strength. Markets are particularly focused on forward guidance amid persistent inflation concerns. The earnings come as traders position for tomorrow's US GDP revision and Friday's crucial PCE inflation data, which could significantly influence Federal Reserve policy expectations and dollar direction through June.