Thursday, 19 May 2022

US Dollar Stumbles on Rising Recession Fears, AUD/USD Eyeing Chinese Loan Rate Data

The US Dollar weakened as rising fears of a recession have seen the markets pull back 2023 Federal Reserve rate hike expectations. Ahead, AUD/USD eyes Chinese loan prime rate data.

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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...