Sunday, 10 July 2022

Euro Slides and US Dollar Soars as China Face Further Restrictions. New lows for EUR/USD?

The Euro gave up some ground today as news emerged that further restrictions are likely for China while Japan appear to have the green light for super loose monetary policy.

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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...