Saturday, 23 March 2019

Is FOMC Scared of a Stronger DXY? Apparently So, As They Should

Unfortunately, the Federal Reserve does not speak in a vacuum. Despite their desire for a weaker US Dollar, the rest of the world seems to see US assets (and thereby) the US Dollar as a likely haven from global weakness, which could potentially frustrate the Fed’s plans.


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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...