EUR/USD surges over 1% as ECB rate hike talk hits USD

EUR/USD surges over 1% as ECB rate hike talk hits USD

EUR/USD reverses course and rises by more than 1.16% after the European Central Bank (ECB) held rates unchanged, while a leaked source revealed that policymakers are ready to discuss rate hikes as soon as April. In the US, the Federal Reserve (Fed) kept rates steady while the Fed Chair Jerome Powell struck a neutral-to-hawkish tone […]

Dollar rejected at 200-day SMA, drops towards 0.7900

Dollar rejected at 200-day SMA, drops towards 0.7900

The USD/CHF pair trades more softly during the North American session on Thursday despite the Swiss National Bank’s (SNB) verbal intervention in the forex markets to depreciate the Swiss Franc (CHF). Broad US Dollar (USD) weakness pushed the major down 0.31% to 0.7906. USD/CHF Price Forecast: Technical outlook The technical picture shows that USD/CHF buyers […]