Forex Market Review (Asian Session) – Dollar fails to rise on higher US debt ceiling; focus on ECB
Posted on September 7, 2017 at 7:40 am GMTAfter a surprise rate hike from the Bank of Canada, US Congressional leaders and the president decided unexpectedly on late Wednesday to raise the government’s debt limit. However, the dollar failed to strengthen, as geopolitical risks continued to weigh on the markets, while the Fed’s Vice Chairman surprised markets by submitting his resignation. The euro was also in focus, as investors are widely expecting the European Central Bank to kick off its policy meeting later today. On Wednesday, the US [..]