Wednesday, 3 May 2023

US Dollar Crunched Post Fed Hike as Oil and Gold Rip Apart. New DXY Index Low?

The US Dollar descended again today after the market perceived the Fed to have delivered a dovish hike in rates. Crude went into a tailspin while gold found new legs. Will USD break lower?

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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...