Dollar Slumps as Euro Eyes August High, Hong Kong Markets Approach Crucial Resistance
Dollar continued its broad-based weakness in Asian session, with selling pressure shifting towards European majors. EUR/USD is approaching its August high as the near-term rebound gathers momentum. This decline in the Dollar is partly attributed to weaker-than-expected US consumer confidence data released overnight, which has intensified market expectations of consecutive 50bps rate cuts by Fed […] The post Dollar Slumps as Euro Eyes August High, Hong Kong Markets Approach Crucial Resistance appeared first on Action Forex.
Dollar continued its broad-based weakness in Asian session, with selling pressure shifting towards European majors. EUR/USD is approaching its August high as the near-term rebound gathers momentum. This decline in the Dollar is partly attributed to weaker-than-expected US consumer confidence data released overnight, which has intensified market expectations of consecutive 50bps rate cuts by Fed […]
The post Dollar Slumps as Euro Eyes August High, Hong Kong Markets Approach Crucial Resistance appeared first on Action Forex.
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