Traders Forced to Reconsider Long USD Exposure

Special report: BOE, ECB Decisions: What to Expect

Two major central bank event risks on Thursday, though we wonder exactly how much volatility we should expect from the BOE and ECB decisions in light of probabilities that show both central banks maintaining rates and their respective policy outlooks after already laying out where things stand in earlier decisions this year.

Next 24 hours: Traders Forced to Reconsider Long USD Exposure

In our opening call we had warned the market might not be as interested in a pair of central bank decisions which weren't going to have much of anything to offer in the way of new updates on the outlooks for monetary policy. But whatever we did get on Thursday, certainly wasn’t any help to the US Dollar.

Global FX Insights Next 24 hours   LMAX Exchange  

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