With the news below, EURUSD could be in a bullish channel
The dollar weakened near a one-month low against a basket of currencies on Thursday, after Federal Reserve Chairman Jerome Powell upheld his usual message at his semi-annual hearing, no. there are many surprises.
The pound was near a one-year high ahead of the Bank of England's (BoE) interest rate decision later in the day, with Wednesday's hot inflation report likely to send policymakers into shock. alert.
In a speech to lawmakers on Capitol Hill on Wednesday, Mr. Powell said a further U.S. rate hike was "a fairly accurate prediction" of where the Fed would go if the economy continued in its current direction. in. Those comments are in line with what the central bank said at its policy meeting last week.
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