Wednesday, 1 February 2023

Euro Hits New High as US Dollar Collapses in Fed Aftermath. Where to for EUR/USD?

The Euro raced north after Fed commentary saw the US Dollar crash on the markets’ interpretation of a dovish tilt from the Chairperson. Will an ECB move do the same for Euro?

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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...