Friday, 23 July 2021

US Dollar Firms as PMI Data Echoes Inflation Risk; Cue the Fed

The US Dollar is strengthening broadly during early Friday trade with the latest flash PMI report just released underscoring ongoing inflation pressures ahead of next week's Federal Reserve meeting.

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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...