Wednesday, 24 January 2024

US Dollar Struggles Despite Better-than-Expected US PMI Data; GDP, PCE Next

The U.S. dollar, as measured by the DXY index, traded lower on Wednesday despite better-than-forecast PMI results. U.S. GDP and PCE data will steal the limelight over the next two days.

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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...