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Euro: ECB December hike expectations support EUR – ING
ING’s Francesco Pesole notes that the European Central Bank (ECB) held rates steady but delivered hawkish signals, with President Christine Lagarde hinting at further tightening and officials reportedly ready to raise rates in December.
Fxstreet
Fri, Oct 30
Indices
US Dollar Index Price Forecast: DXY struggles near 101.75 amid falling bond yields
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, extends the post-FOMC retracement slide for the third straight day, dropping to the lower end of its weekly range on Friday.Fxstreet
Fri, Oct 30
Forex
British Pound tests six-week highs as traders brace for BoE tightening
The British Pound (GBP) rallies for the third consecutive day against the US Dollar (USD) on Friday, following a soothing UK budget earlier this week, with the focus on a widely expected interet rate hike by the Bank of England next week.
Fxstreet
Fri, Oct 30
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