Wednesday, 7 August 2019

EURUSD Rate Susceptible to Larger Correction on Dovish Fed Rhetoric

EURUSD extends the advance from the monthly-low (1.1027) as the growing threat of a US-China trade war fuels bets for an imminent Fed rate cut.


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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...