Monday, 8 June 2020

US Dollar Outlook: DXY Down as USD/JPY & USD/CAD Drive Lower

USD price action still struggles to find a bid even with the broader US Dollar Index trading at a twelve-week low as USD/JPY recoils and USD/CAD extends its decline.

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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...