Wednesday, 20 May 2020

US Dollar Outlook: DXY Hammered Lower Ahead of FOMC Minutes

The US Dollar extends lower with DXY Index price action on pace for a 1.2% decline over the last three trading sessions, but can FOMC minutes due for release spark a reversal in USD prices?

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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...