Monday, 18 September 2023

FOMC Preview: Hawkish Pause to Reignite the Dollar Index (DXY) Rally?

The US Federal Reserve are largely expected to pause the rate hike cycle on Wednesday with updated economic projections. The lingering fear of a resurgence in inflation will likely keep the door open for another rate hike in Q4.

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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...