Thursday, 19 March 2020

US Dollar Climbs as EUR/USD Eyes 2017 Low, USD/JPY & USD/MXN Explode

Another surge in the US Dollar is boosting the DXY Index toward three-year highs amid the coronavirus-driven cash crunch that’s steering EUR/USD lower while USD/JPY and USD/MXN rise.

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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...