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EUR/USD, GBP/USD Overview - FX Picks Up Again, U.S. Dollar Tumbles After The ECB And BOE
MarketPulse by OANDA Group · 2026-05-01 · via All Articles on Seeking Alpha

Summary

  • The US dollar is slowly decoupling from crude oil, following yesterday's FOMC press conference.
  • GBP/USD has been hanging in a consolidation range between 1.3450 and 1.36 in the last two weeks, and immediate dollar weakness will look to break the upward resistance.
  • EUR/USD was also consolidating in a more directional price action but has found its bottom after yesterday's FOMC meeting.
Various exchange rates on flowing digital screen fluctuate in financial market update

adventtr/iStock via Getty Images

By Elior Manier

We are officially concluding a massive, high-stakes week for global monetary policy, with the FOMC, BoC, BoJ, ECB, and BoE all revealing their interest rate decisions and forward guidance for the next month and a half.

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