EUR/USD kicked off Monday with an attempt to stabilise around 1.1587. Federal Reserve Chair Kevin Warsh returned support to the dollar with a hawkish performance at Jackson Hole. The key test now will be Friday’s US labour market report, which will show whether the case for another rate hike has sufficient backing from the economy. […]
The post EUR/USD Near Two-Week Low: Dollar Regains Favour with Markets appeared first on ActionForex.
In focus today In the euro area, the ECB will announce its deposit rate. We expect the ECB to raise policy rates by 25bp, bringing the deposit rate to 2.50%, in line with consensus and Read more…
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The US 10-year Treasury yield broke above 4.81% to a three-year high near 4.85%, yet the Dollar Index is sitting near support instead of rallying — a divergence that suggests markets increasingly care about whether Read more…