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.
Discover more from FX Live
Subscribe to get the latest posts sent to your email.