Tuesday, 4 May 2021

US Dollar Outlook: DXY Index Recoils Higher – Where to Next?

The US Dollar snapped back higher on Tuesday to reverse prior session losses. Can the DXY Index overcome nearside technical resistance or will US Dollar bears throttle the Greenback lower?

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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...