Daily thread to exchange ideas and to share your thoughts
Good day, everyone! Hope you're all doing well as we get things going here in the European morning session today. It's been a lively and action-packed start to proceedings with central bank remarks flying all over the place alongside great price action in the dollar with the greenback extending losses since overnight trading.
The dovish Fed rhetoric remains the major theme in markets right now and that's weighing on the dollar still during the session. But with markets already pricing in a significant amount of rate cuts, how much lower can they push the dollar from here?
Looking ahead, we'll have more central bank headlines to come with the BOE set to announce their latest monetary policy decision today at 1100 GMT. What are your views on the market right now? Share your thoughts/ideas with the ForexLive community here.
