Monday, 4 September 2023

US Dollar Struggles at Resistance Amid Softening Data; EUR/USD, GBP/USD, USD/CAD

The recent struggle at key resistance reinforces the view that the US dollar’s (DXY Index) rally is losing steam as recent data eases concerns that the US economy is resurging. What’s next for the greenback?

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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...