Tuesday, 24 March 2020

US Dollar Drops as Fed Beefs Up Backstop, FX Volatility Ebbs

Following its 8% surge over the last two weeks, the US Dollar has started to drift lower as the Federal Reserve ramps up stimulus efforts to offset coronavirus fallout and calm market angst.

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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...