Wednesday, 22 February 2023

US Dollar Rallies as Fed Minutes Point to More Hikes amid Upside Inflation Risks

The U.S. dollar, as measured by the DXY index, extended session gains after FOMC minutes showed that policymakers continue to anticipate additional rate hikes to contain inflation.

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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...