Wednesday, 16 June 2021

US Dollar Strength Might Fade as Powell Downplays Fed Dot Plot

The US Dollar is trading sharply higher in the wake of the latest Federal Reserve announcement, but Fed Chair Powell's dovish downplay of upgraded dot plot projections could see USD strength fade.

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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...