Sunday, 18 December 2022

Euro Firms on US Dollar Weakness as Fed Hawks Undermine Equities. Has EUR/USD Peaked?

The Euro made some headway today after the US Dollar backtracked despite the Federal Reserve signalling rates will go higher and for longer. Where to for EUR/USD?

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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...