Friday, 16 August 2019

EURUSD Gains on German Deficit Report, US Consumer Sentiment Sinks

The US Consumer Sentiment Index printed a 7-month low as consumers worry about increased tariffs and trade war uncertainty. Meanwhile, reports out of Germany reveals willingness to run a fiscal deficit to bolster the economy if needed.


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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...