The Dollar remains under pressure despite Wednesday’s relatively hawkish Federal Reserve meeting. Although US interest rates were left unchanged, the central bank expressed optimism over the health of the US economy and rising inflation. Sterling was under pressure after UK manufacturing data disappointed while Gold edged lower thanks to renewed US rate hike expectations.
– The #EURUSD bulls are eying 1.2500 – #GBPUSD remains supported by Dollar weakness – #Gold is hovering around $1340
The Dollar remains under pressure despite Wednesday’s relatively hawkish Federal Reserve meeting. Although US interest rates were left unchanged, the central bank expressed optimism over the health of the US economy and rising inflation. Sterling was under pressure after UK manufacturing data disappointed while Gold edged lower thanks to renewed US rate hike expectations.
– The #EURUSD bulls are eying 1.2500
– #GBPUSD remains supported by Dollar weakness
– #Gold is hovering around $1340
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