Thursday, 11 August 2022

US Dollar Delicately Climbs as Fed Re-Affirms Rate Hikes Post Data. Where to for DXY?

The US Dollar clawed its way off recent lows in the aftermath of another soft inflation number, but still appears vulnerable despite hawkish Fed jawboning. New high for DXY?

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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...