US DOLLAR FORECAST – EUR/USD, GBP/USD
- The U.S. dollar extends its recovery as U.S. yields push higher
- Powell’s speech on Friday will take center stage
- This article looks at key tech levels to watch on EUR/USD and GBP/USD
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Most Read: US Consumer Spending Eases but the US Dollar Index (DXY) Continues to Advance
The U.S. dollar, as measured by the DXY index, extended its recovery on Thursday, boosted by a bounce in U.S. Treasury yields following remarks from San Francisco Federal Reserve President Mary Daly indicating that the FOMC is not yet considering slashing borrowing costs.
Daly’s forceful position, which clashes with the more cautious posture embraced by other colleagues, highlights a widening chasm between the doves and the…
