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Hello everyone, today XM Forex will bring you "[XM Forex Platform]: The US dollar launched a "blitzkrieg" late at night, can the European Central Bank defend its line of defense with its "data remnant array"?". Hope this helps you! The original content is as follows:
XM Foreign Exchange APP News - During the New York session on Thursday (October 30), the U.S. dollar index and U.S. bonds launched a surprise war. The euro fell rapidly against the U.S. dollar from flat to -0.45%. The reason may be that the Federal Reserve ended the QT easing warning, which caused U.S. bonds to be sold quickly. Safe-haven funds sought the U.S. dollar as a substitute, causing the U.S. dollar index to surge, putting pressure on the euro. After that, the euro went out of the trend of rebounding against the US dollar throughout the day. The daily chart shows that the euro fell below the rising trend line, then retested the rising trend line and continued to fall, and fell below the important mark of 1.1600. However, the advantage for the euro is that it did not fall below the previous low of 1.1541, and the decline narrowed instantly with the European Central Bank's interest rate decision. At present, the euro is expected to change from a moderate rise to a box shock trend. (Daily chart of EURUSD, source: Yihuitong) At 21:44 Beijing time, EURUSD was currently trading at 1.1575/76.
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