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Forex Today: US Dollar steady ahead of the Fed decision, US employment data
The US Dollar Index (DXY) held its ground on Monday, trading above the 99.00 level during American hours as market participants await the Federal Reserve (Fed) interest rate decision and the release of a fresh Summary of Economic Projections (SEP).
AUD/USD Price Forecast: AUD stalls ahead of RBA decision; bullish setup intact above 0.6600
The Australian Dollar (AUD) trades on the back foot against the US Dollar (USD) on Monday, with AUD/USD snapping a four-day winning streak as the Greenback steadies.
United States 3-Year Note Auction: 3.614% vs 3.579%
United States 3-Year Note Auction: 3.614% vs 3.579%
USD/JPY climbs as US Dollar strengthens, Japan earthquake clouds BoJ outlook
USD/JPY trades around 155.80 on Monday at the time of writing, up 0.30% on the day, supported by a recovery in the US Dollar (USD) and rising US Treasury yields.
EUR/USD Price Forecast: EUR/USD stalls below 1.1650 as Dollar firms ahead of Fed decision
The Euro edges lower against the US Dollar on Monday, with EUR/USD reversing earlier gains as the Greenback stages a rebound from recent lows, weighing on the shared currency.
Pound Sterling Price News and Forecast: Steady as markets brace for blockbuster Fed–BoE two weeks
GBP/USD holds firms at around 1.3325 below the 200-day Simple Moving Average (SMA) of 1.3329 as investors wait for the Federal Reserve’s monetary policy decision, which kept the US Dollar steady across the G10 FX board. Read More...
New Zealand Dollar weakens as risk appetite fades, RBNZ stance cushions losses
NZD/USD declines on Monday, trading around 0.5770 at the time of writing, down 0.10% on the day. After briefly touching 0.5790, the pair erased its earlier gains as market sentiment turned more cautious.
GBP/USD steady as markets brace for blockbuster Fed–BoE two weeks
GBP/USD holds firm on Monday at around 1.3325, below the 200-day Simple Moving Average (SMA) of 1.3329 as investors wait for the Federal Reserve’s (Fed) monetary policy decision, which kept the US Dollar (USD) steady across the G10 FX board.
Gold under pressure as US Dollar firms and Treasury yields rise
Gold (XAU/USD) kicks off the week on a quiet note, with traders reluctant to take fresh positions ahead of the Federal Reserve’s (Fed) interest rate decision on Wednesday. At the time of writing, XAU/USD is trading around $4,190, easing after rising to an intraday high of $4,219.
USD/CHF climbs to one-week high as traders brace for Fed and SNB rate decisions
The Swiss Franc (CHF) trades on the back foot against the US Dollar (USD) on Monday as markets reposition ahead of this week’s key monetary policy decisions from the Federal Reserve (Fed) and the Swiss National Bank (SNB).
Pound Sterling Price News and Forecast: GBP trades subduedly
The Pound Sterling (GBP) trades slightly lower against its major currency peers at the start of the week, hovering at around 1.3320 against the US Dollar (USD).
RBA pivot hints at tightening, AUD poised to benefit – BNY
Expectations are rising that the Reserve Bank of Australia (RBA) will confirm a pivot toward tightening in its final decision of the year.
AUD/USD stabilizes as RBA outlook shifts, Fed decision approaches
AUD/USD trades steadily around 0.6640 at the time of writing on Monday, after a four-day rally that pushed the pair to two-month highs. The consolidation comes as investors turn cautious ahead of Tuesday’s Reserve Bank of Australia (RBA) decision and Wednesday’s Federal Reserve (Fed) announcement.
JPY weakens against USD in early NA trade – Scotiabank
The Japanese Yen (JPY) slips 0.2% versus the US Dollar (USD), underperforming the G10, as rising US yields and firm domestic rate expectations weigh on the currency.
USD/CAD extends slide as steady BoC expectations clash with Fed easing bets
The Canadian Dollar (CAD) edges higher against the US Dollar (USD) on Monday, extending gains as investors continue to favour the Loonie on diverging expectations for the Bank of Canada (BoC) and the Federal Reserve (Fed).
GBP edges lower in early NA trade – Scotiabank
The Pound Sterling (GBP) trades slightly lower versus the US Dollar (USD), consolidating after a strong budget-driven rally.
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EUR holds steady near mid-1.16s – Scotiabank
The Euro (EUR) is entering Monday’s NA session flat to the US Dollar (USD) with an extension of its recent consolidation in the mid-1.16s, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
CAD gains on strong Canadian jobs data – Scotiabank
Sluggish labor market conditions in the US contrast with resilient trends in Canada after another strong headline beat for Canadian data Friday, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD mixed ahead of key FOMC decision – Scotiabank
The US Dollar (USD) is narrowly mixed in quiet trade as investors await this week’s key event—Wednesday’s FOMC decision, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
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