Thursday, 16 February 2023

US Dollar Bumped Higher by Hawkish Fed and Blistering PPI. Higher USD?

The US Dollar regained the ascendency after Federal Reserve speakers Mester and Bullard cited potential 50 basis points hikes in the pipeline. Will the DXY index keep going north?

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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...