Wednesday, 4 January 2023

Dollar Recovery Remains Unclear After FOMC Minutes Keeps Inflation in Focus

The Federal Reserve released the transcript of its controversial December rate decision. Despite a clear focus holding to inflation, the markets remain unfazed in discounting their intentions with the Dollar waffling while Treasury yields hold firm.

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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...