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Making Sense of the Moves
Currencies have given back gains against the US Dollar from earlier in the day, on the back of the hotter than expected US CPI print. This follows a communication from the Fed Chair that additional rate cuts were necessary, which had prompted the big Dollar selloff that was seen from Wednesday’s Powell testimony into the […]
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Fed Chair Comments Fuel Turnaround in FX
US Dollar sells off as Powell signals more cuts. Key standouts on the Thursday calendar include German inflation data, an ECB Coeure speech, the ECB Minutes, BOE financial stability report, US inflation readings, US initial jobless claims, more Powell testimony, and Fed speak from Williams, Bostic, Barkin, Quarles and Kashkari. Audio update Technical highlights EURUSD […]