Wednesday, 5 July 2023

US Dollar Extends Gains as Fed Minutes Reinforce Hawkish Monetary Policy Outlook

The minutes of the Federal Reserve's June meeting showed that the central bank believes additional monetary policy tightening may be warranted to bring inflation back to the 2.0% target.

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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...