Wednesday, 29 July 2020

US Dollar Weakness to Linger as Fed Extends USD Swap Lines

USD price action has weathered a volatile trading session in the midst of a monetary policy update from the Federal Reserve, and US Dollar weakness may endure as the Fed extends FX swap lines.

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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...