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USD Down – Powell In Focus
The US dollar has been a little weaker over the European session so far on Tuesday. Data weakness in the US last week has seen upside capped for now with the dollar index remaining congested around the 98.60 level. Looking ahead this week, Fed chair Jerome Powell speaks and his comments will be closely watched as the October FOMC comes into view. FOMC meeting minutes and CPI later in the week will also provide volatility.
EUR Rallies on Weak USD
EURUSD has been firmer against USD today in light of the ongoing pullback in the greenback. Looking ahead this week, the September ECB meeting minutes will be the key focus as traders try to assess the likelihood of further ECB easing this year. EURUSD trades 1.0990 last with price nearing a retest of the 1.1025 level.
Johnson’s Brexit Deal “Impossible”
GBPUSD has been firmly under pressure today. Despite the softness in USD, GBPUSD has t...
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