US Dollar Price Action Setups: EUR/USD, GBP/USD, USD/CAD, USD/JPY
The US Dollar set a fresh 19-year-high after another fresh 40-year-high printed with CPI. There’s now building expectation for a 100 bp hike from the Fed later this month.
The US Dollar set a fresh 19-year-high after another fresh 40-year-high printed with CPI. There’s now building expectation for a 100 bp hike from the Fed later this month.
The US Dollar surged last week as recession fears around inflation permeated market sentiment. The week ahead is filled with economic data and policy decisions from the BoJ and ECB.
Russian Gas Flows, ECB Anti-Fragmentation Tool and Italian Politics Take Focus
The Canadian dollar has a big week ahead with Canadian inflation, a hawkish Fed and depressed crude oil prices dictating USD/CAD price action.
The Japanese Yen is vulnerable to external forces with the Bank of Japan still expected to be one of the few remaining dovish central banks. Is it all clear for USD/JPY to keep rising then?