Friday, 21 August 2020

US Dollar Outlook: EUR/USD Price Spikes Lower on PMI Data

EUR/USD price action plunges to session lows in response to August 2020 IHS Markit PMI data that just crossed the wires, which detailed US economic activity outpacing Eurozone economic growth.

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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...