Thursday, 30 July 2020

US Dollar Relief Bounce Fades After 2Q GDP Collapse Reported

The US Dollar is trying to stage a relief bounce headed into month-end, but USD price action has started to drift back lower following a historic collapse in GDP growth just reported for 2Q-2020.

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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...