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US Dollar Price Outlook: EUR/USD, GBP/USD, USD/CAD, AUD/USD
As we trade deeper into the final week of Q3 the US Dollar remains in a non-directional near-term state, testing resistance that’s held over the past few weeks following the flare of strength to kick off the month. Much has happened during this period, including an ECB stimulus announcement and another FOMC rate cut. But, as yet, nothing has been able to spur a strong directional move in the Greenback as the quarter moves towards close. This places considerable emphasis on Fed-speak in the month of October as well as US data as traders look for evidence of greater slowdown in the world’s largest national economy. ... (full story)
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- Skracor247
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