Monday, 29 May 2023

EUR/USD, GBP/USD Eyeing Recovery on Low Liquidity Monday Following US Debt Deal

The Euro and Pound look to capitalize on potential dollar weakness following US debt deal. Low liquidity and the hawkish repricing of Fed Rate hike probabilities provide downside risk. Has the Dollar rally run its course?

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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...