Tuesday, 10 October 2023

US Dollar Faces Reversal Risk Ahead of Inflation Report as DXY Breaks Key Trendline

The US Dollar is not off to a great start this week so far ahead of the highly anticipated inflation report. Will CPI data add further fuel to what appears to be a brewing reversal unfolding in DXY?

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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...