Sunday, 10 January 2021

US Dollar Up as Wage Inflation, Biden Stimulus Pledge Drive Fed Outlook

The US Dollar is on the upswing as rising wage inflation and the promise of fiscal stimulus expansion by President-elect Biden cool Fed easing bets and drive up yields.

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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...