Sunday, 23 July 2023

US Dollar Holds the High Ground Ahead of Fed, ECB and BoJ Meetings. Higher USD?

The US Dollar ascendency got back on track last week as markets eye Wednesday’s Federal Reserve rate decision ahead of the ECB and the BoJ’s meetings. Will the DXY (USD) trend north?

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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...