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Euro climbs to a six-day high

The US dollar is struggling today despite higher Treasury yields as dollar positioning is re-calibrated following the comments on the weekend from Ueda. The market isn't sure what to do ahead of a difficult ECB decision. The tone around the table is likely to be contentions with hawks and doves digging in ahead of the meeting. Current market pricing is 60% towards a hold and 40% for a 25 bps hike to 4.00%.The rally in the euro today may reflect euro shorts heading to the sidelines rather than wa... Read More

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Euro

Climbs

Six

Day

High

Six day

Forex

Posted: Sep 11 2023, 14:53

Author Name: forexlive

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