The escalation of the conflict in the Middle East will bolster the greenback as a safe-haven asset. Data on European inflation and the US labour market will determine the fate of EURUSD. The US dollar quickly recouped its losses after the US resumed bombing Iran in response to its attack on tankers in the Strait […]
The post The Dollar: Geopolitics Back in the Picture appeared first on ActionForex.
Economic sentiment across the Eurozone improved further in June, suggesting businesses and consumers are becoming more optimistic about the growth outlook despite lingering economic headwinds. However, firms grew more cautious about hiring, highlighting a widening Read more…
The key macroeconomic factor for AUD/CAD remains the divergence in monetary policy between the two central banks. After three consecutive rate hikes since the beginning of the year, the Reserve Bank of Australia left its Read more…
Over the past few weeks, financial markets have been more focused than ever on developments surrounding the Strait of Hormuz — a critical waterway at the centre of ongoing US-Iran negotiations. The back-and-forth of diplomatic Read more…