Wednesday, 31 August 2022

Euro Struggles After Another Fed Flex Toward Higher Rates Boosts the US Dollar

The Euro gave up some ground today as US Dollar strength continues across the board after more Fed messaging lifted Treasury yields and sunk currencies, commodities and equities.

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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...