Forex Today: Dollar steadies after Wednesday's correction, eyes on ECB accounts, US data By eren_fxstreet Currencies Majors Macroeconomics Metals
US Dollar Index
During the Asian trading hours, the People's Bank of China announced that it lowered the one-year loan prime rate by 10 basis points to 3.70% from 3.80% and the five-year LPR by 5 basis points to 4.60% from 4.65%. This development seems to be helping the market mood improve early Thursday with US stocks futures rising between 0.4% and 0.5%. On the other hand, escalating tensions between Russia and Ukraine might not allow a risk rally to gain traction.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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