Dollar Edges Up in Quiet Month-End Trading, Canada GDP and Eurozone CPI Shrugged Off

Dollar is showing mild strength in early US session despite slightly disappointing PCE inflation data. While the data reinforces the likelihood of a 25bps rate cut by the Fed in September, it does little to support the case for a more aggressive 50bps cut. The greenback is getting a slightly boost from modest recovery in […] The post Dollar Edges Up in Quiet Month-End Trading, Canada GDP and Eurozone CPI Shrugged Off appeared first on Action Forex.

theinvestingforex theinvestingforex
Sep 2, 2024 - 10:13
0 3
Dollar Edges Up in Quiet Month-End Trading, Canada GDP and Eurozone CPI Shrugged Off

Dollar is showing mild strength in early US session despite slightly disappointing PCE inflation data. While the data reinforces the likelihood of a 25bps rate cut by the Fed in September, it does little to support the case for a more aggressive 50bps cut. The greenback is getting a slightly boost from modest recovery in […]

The post Dollar Edges Up in Quiet Month-End Trading, Canada GDP and Eurozone CPI Shrugged Off appeared first on Action Forex.

Read More