Monday, 23 October 2023

Euro Jumps on Treasury Yield Slide and a Technical Break. Higher EUR/USD?

The Euro appears to have broken the descending trend as the US Dollar faces a test of resolve with Treasury yields dipping lower. If the Euro holds ground, will EUR/USD rally?

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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...