TL;DR: EUR/USD’s rebound reflects broad-based Euro strength as oil’s rebound since mid-week pushes markets toward the ECB’s own hawkish scenario, lifting September hike odds to roughly 70%. Euro’s Broad-Based Strength Tells a Bigger Story EUR/USD has staged a notable rebound in the last 24 hours, but attributing the move solely to Dollar weakness misses a […]
The post EUR/USD Rebound Reflects ECB Repricing as Oil Revives September Hike Bets appeared first on ActionForex.
The Bank of England left Bank Rate unchanged at 3.75% in a 6-3 vote today, but the decision masked a Committee that has become increasingly united on the direction of inflation risks while remaining divided Read more…
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The dollar regained traction in early Thursday trading and recovered part of Wednesday’s post-Fed 0.6% drop, which pushed the US currency to the lowest since July 20. The US central bank left rates unchanged at Read more…