The US dollar is holding steady against the euro ahead of the US retail sales data release (1:30 pm GMT). January’s retail sales report is expected to show headline growth remaining unchanged at December’s pace of 0.3% MoM. Core gauges are also forecast to increase 0.3% MoM. EURUSD is trading at a 3-year low but attempts to break back above 1.0850.
Daily Summary – Bessent Rescues the Dollar, Fed Delivers Hawkish Pivot
BREAKING: FED maintains the rates!↔️🚨
AUDUSD: Will the RBA be the next central bank to return to rate hikes?
U.S. dollar sell-off 🚨 USDIDX slumps nearly 1%