Monday, 17 August 2020

US Dollar on Defense as Treasury Yields Retreat – USD Levels to Watch

US Dollar weakening has resumed as the DXY Index slides back toward two-year lows while USD price action whipsaws with ten-year Treasury yields snapping below 70-basis points.

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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...