Share: EUR/USD fails to attract any follow-through buying and oscillates in a range on Friday. Bets that any further ECB rate hikes may be off the table act as a headwind for the Euro. The prospects for further policy tightening by the Fed underpins the USD and cap gains. Traders now look to
© Reuters. Investing.com – The U.S. dollar stabilized in early European trade Thursday, after hefty losses this week as signs of a cooling U.S. economy pointed to limited headroom for the Federal Reserve to keep raising interest rates. At 03:10 ET (07:10 GMT), the Dollar Index, which tracks the greenback against a basket of six
GBP/USD ANALYSIS The British pound gained ground against the U.S. dollar, but its advance was limited, as traders embraced a cautious position and avoided taking large directional bets ahead of the August U.S. payrolls report due for release on Friday. Given the Fed’s data-dependent approach, labor market incoming information will play a crucial role in
Share: All eyes are on the Kansas City Fed’s Jackson Hole Symposium. On Friday, ECB’s Lagarde and the Fed’s Powell will speak. During the Asian session, the Tokyo Consumer Price Index is due. Later in the day, a new reading of German GDP and the IFO survey will be released, and later the
© Reuters. Investing.com – The U.S. dollar rose in early European trade Thursday, continuing the previous session’s positive tone as strong private payrolls data overshadowed Fitch’s downgrade of its U.S. sovereign rating. At 03:10 ET (07:10 GMT), the , which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 102.602,
