Monday, 3 August 2020

USD Price Outlook: US Dollar Reversal Attempt Eyed vs EUR & AUD

USD price action is trading on its front foot against the EUR and AUD to kick off August, which follows a nasty 4% spike lower recorded by the broader US Dollar last month.

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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...