Wednesday, 24 August 2022

Euro Outlook Remains Murky as Gas Prices Soar and Fed Hikes Loom. Can EUR/USD Recover?

The Euro is struggling as the energy crisis evolves and a US Dollar that is gaining traction as the Fed gear up for their Jackson Hole symposium. Is a bear market intact for EUR?

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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...