The Wall Street Journal wasn’t reticent with its headline:
(gated)
I popped a summary of the piece here ICYMI:
Its been nearly one-way traffic, lower, for the USD since:
- USD falling away a little on the Trump ” bid to undermine Fed Chair Powell” WSJ report
- US dollar still dribbling lower. ICYMI WSJ: Trump undermining Federal Reserve Chair Powell
While this is the catalyst on the session its not as if it’s the only news on the dollar
which has been falling pretty much all year. Its lost around 10% in H1, its worst H1 performance in 4 decades.
EUR/USD is hitting highs not seen since late 2021:
This article was written by Eamonn Sheridan at www.forexlive.com.
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