Tuesday, 25 April 2023

Consumer Confidence Sinks as Recession Headwinds Grow, USD Gains on Risk-off Mood

U.S. Consumer confidence worsened more than expected in April, suggesting that Americans are beginning to take a more pessimistic view of the economy amid growing recession risks.

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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...