Wednesday, 22 February 2023

US Dollar Slides After FOMC Boost as Hikes Get Baked in. Is There a New Trend for USD?

The US Dollar reclaimed the ascendency overnight before slipping today after the FOMC minutes confirmed the perception of upcoming hikes. Is the DXY (USD) Index starting a new trend?

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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...