Tuesday, 28 March 2023

US Consumer Confidence Rebounds Unexpectedly, but Fails to Boost US dollar

The U.S. dollar retains a negative bias despite better-than-expected consumer confidence data, as traders remain focused on the U.S. banking sector woes and the possibility of a Fed pivot later this year.

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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...