Wednesday, 30 November 2022

US Dollar Sails South as Powell Puts the Fed Case Forward. How Low Can USD Go?

The US Dollar was smashed after hawkish comments by Federal Reserve Chair Jerome Powell overnight were interpreted as a dovish tilt by markets. Will real yields drive the DXY (USD) Index?

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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...