Wednesday, 10 July 2019

USD Spikes Lower as Dovish Fed Powell Sets Stage for Rate Cuts

Fed Chair Powell provided a somewhat more dovish than expected speech sparking a drop in the greenback, while US equities and gold surged higher.


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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...