Wednesday, 14 December 2022

US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY

The US Dollar set a fresh five-month-low, even as Powell took on a hawkish tone in the statement accompanying today’s rate decision. ECB and BoE rate decisions are on the calendar for tomorrow.

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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...