Its past my time zone in the UK. But a great set up The Euro is struggling against a resurgent US dollar as rate-cut expectations between the two continue to widen. Today’s FOMC may underpin thoughts that the Fed is comfortable with rates staying higher for longer.
No policy change is expected but the post-FOMC press conference may give some much-needed clarity.
A bearish flag formation is pushing EUR/USD back toward a multi-month low.
No policy change is expected but the post-FOMC press conference may give some much-needed clarity.
A bearish flag formation is pushing EUR/USD back toward a multi-month low.