EUR/USD on Thursday stabilised at 1.1792 after a sharp decline the day before. The US dollar was supported by strong US macro data and unexpectedly tough signals from the Fed. The minutes of the previous meeting showed that disagreements remain within the Federal Reserve regarding the future path of rates. This suggests that it may […]
The post EUR/USD Forced Lower: US Dollar Has a Strong Case appeared first on ActionForex.
Key insights from the week that was. The Westpac-MI Consumer Sentiment Index lifted modestly in March, up 1.2% to 91.6, still an outright pessimistic reading. The latest survey was in the field over the week Read more…
AUD/USD fell over 1% from a multi-year peak as the US Dollar strengthened amid intensifying safe-haven demand. The hawkish Reserve Bank of Australia (RBA) may limit the downside, driven by escalating inflation pressures. The pair Read more…
Despite yesterday’s more optimistic US CPI report, Markets are now focusing on a bleaker inflationary picture ahead. A major theme in Markets is the progressive repricing for a more persistent and damaging US-Iran-Israel war, which Read more…