Tuesday, 20 July 2021

US Dollar Price Outlook: USD Might Weaken if Covid Fears Abate

The US Dollar strengthened against most FX peers and pushed the DXY Index above key resistance on Tuesday, but will USD bears fade recent gains as covid fears abate and risk trends improve?

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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...