Tuesday, 23 July 2019

US Dollar (USD) Continues Rallying as Interest Rate Cut Looms

Conventional wisdom suggests that currencies should weaken ahead of any interest rate cuts, especially if there is a chance of a bigger-than-expected cut. The US dollar is ignoring this.


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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...