Friday, 9 June 2023

USD Price Forecast: DXY Holds its Breath Ahead of Big Data Week

The U.S. dollar found some backing this morning while trading within a bull flag pattern; however, US CPI and the FOMC will ultimately decide on investor sentiment.

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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...