Tuesday, 28 July 2020

US Dollar Paces Big Drop for July as Consumer Confidence Wanes

The US Dollar has spiked sharply lower with the DXY Index, a basket of major FX pairs, down nearly 4% month-to-date. Meanwhile, consumer confidence is deteriorating as COVID-19 persists.

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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...