EUR/USD Forecast: Hawkish ECB commentary helps Euro hold above key support
EUR/USD came within a touching distance of 1.0900 in the early American session on Tuesday but managed to erase its daily losses.
Source: fxstreet.com
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US Dollar retreats on quiet Wednesday
The US Dollar Index (DXY) exchanges hands at 102.80, recording mild losses.
Source: fxstreet.com
PBoC sets USD/CNY reference rate at 7.0963 vs. 7.0969 previous
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.0963 as compared to the previous day's fix of 7.0969 and 7.1885 Reuters estimates.
Source: fxstreet.com
Ueda's comments weigh on Yen as the market awaits US CPI
Overview: The US CPI has become one of the most important high-frequency economic reports for the capital markets.
Source: fxstreet.com
Forex Today: Dollar regains traction amidst rate cut bets in June
The Greenback extended its auspicious start of the week after US inflation figures came in hotter than expected, reinforcing further the investors’ repricing of a June rate reduction by the Federal Reserve.
Source: fxstreet.com