Wednesday, 30 August 2023

US Dollar Dip Pauses as Markets Reassess Fed Moves and China Concerns. Lower USD?

The US Dollar descent took a breather today as the Federal Reserve’s rate path is re-examined amid softening US data and China woes continuing. Will the DXY (USD) index trend 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...