Saturday, 21 May 2022

US Dollar Outlook: Recession Woes Take Their Toll, but USD May Prevail Anyway

The US Dollar lost its footing last week as markets grew more concerned about a recession. FOMC minutes and the Fed's preferred inflation gauge could offer the USD some life ahead.

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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...