Wednesday, 26 July 2023

US Dollar Slips After Fed Rate Hike: What Has Changed for EUR/USD, GBP/USD, USD/JPY?

USD slipped but held well within the recent range after the Fed hiked interest rates by the widely expected 25bps and on balance kept its options open for further tightening. What does this mean for EUR/USD, GBP/USD, and USD/JPY?

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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...