Tuesday, 11 January 2022

US Dollar Sinks as Powell Talks Tough on Inflation Ahead of CPI Data. Can USD Hold On?

The US Dollar took a tumble as Fed Chair Powell put forward his inflation fighting credentials, bringing down long-end Treasury yields. Will USD break 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...