Posted 1/23/2024, 12:30:00 PM
Dollar Gains Briefly on Data Before Retreating Ahead of Major US, ECB Decisions
- US Dollar initially gained on Richmond Fed manufacturing data miss before retreating
- Markets await major US GDP, inflation, and ECB rate decisions later this week
- Bank of Japan holds rates, frustrating markets seeking clarity on exit from negative rates
- US strikes Houthi rebel positions in Yemen as geopolitical tensions continue
- Technical analysis shows mixed signals for US Dollar - upside limited but sellers not in control