Tuesday, 19 April 2022

US Dollar, USD/JPY, USD/CNH Gain as Wall Street, Treasury Yields Rise. PBOC Cut Next?

The US Dollar extended its advance against the Japanese Yen as stocks and Treasury yields gained on Wall Street. USD/CNH broke above a year-long trendline ahead of expected PBOC cuts.

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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...