Thursday, 13 May 2021

US Dollar Outlook: DXY Index Eyes Retail Sales Data, Yields

The US Dollar traded broadly sideways on Thursday as bulls paused the rally amid softer Treasury yields. Will retail sales and consumer sentiment data stoke inflation fears and a bid beneath the DXY?

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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...