Forex Today: Inflation in the eye of the storm – by ValBednarik EURUSD XAUUSD Gold Inflation
The US Dollar retained its intrinsic weakness on Tuesday, ending the day with losses against all of its major rivals. TheOn the one hand, the EUR/USD pair fell to 1.0771 amid market talks suggesting European Central Bank officials are considering slowing the pace of tightening. Rumors suggest President Christine Lagarde & co will opt for a 50 basis points rate hike in February, reducing hikes to 25 bps starting in March.
The AUD/USD pair finished Tuesday near the 0.7000 level, retaining its positive momentum despite the poor tone of global equities.Spot gold trades little changed at around $1,907, while crude oil prices were up, with WTI hovering around $81 per barrel.Like this article? Help us with some feedback by answering this survey:Information on these pages contains forward-looking statements that involve risks and uncertainties.
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