All Eyes Focused on Fed’s Powell

The USD keeps on holding firmer in trading today

The GBPUSD pair is currently hitting fresh lows of 1.2465 as price drops beneath key support around 1.2480 featured earlier in the session. The EURUSD pair is trading around the 1.1200 handle, in a narrow range.

The USD is discovering some fresh offers as it progresses against the AUD, NZD and CAD. The EUR has come under selling pressure on the back of reestablished speculations of another wave of monetary upgrade from the ECB, through interest rate cuts and the resumption of the Quantitative Easing program.

Rose Alice

About: Rose Alice

Rose Alice has a long experience as a currency analyst with a deep knowledge of the relationship between macroeconomics and currencies fluctuation.