Friday, 20 March 2020

Surging US Dollar Hits a Wall; is a USD Unwind Underway?

The near-vertical climb in the US Dollar Index takes a breather as GBP/USD pivots higher, AUD/USD rebounds and USD/CAD ricochets off resistance. Is the US Dollar rally over?

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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...