The GBP/USD recovers some ground on Wednesday as traders await the Federal Reserve's (Fed) monetary policy decision, amid heightened tensions in the Middle East and the release of jobless claims data in the US. At the time of writing, the pair trades at 1.3452, up 0.19%.
The Japanese Yen (JPY) halts its three-day losing streak against the US Dollar (USD) on Wednesday, finding modest support despite a string of soft trade data.
David Saltiel, one of the SEC’s key experts in modernizing U.S. market oversight, will leave the agency this July. Saltiel has served as Acting Director of the Division of Trading and Markets since...
The Canadian Dollar (CAD) is trading flat against the US Dollar (USD) on Wednesday as markets adopt a cautious tone ahead of the Federal Reserve's (Fed) Federal Open Market Committee (FOMC) Meeting.
US citizens filing new applications for unemployment insurance dropped to 245K for the week ending June 14, as reported by the US Department of Labor (DOL) on Thursday. This print matched initial estimates and came in below the previous week's revised tally of 250K (revised from 248K).
The US Dollar Index (DXY), which measures the value of the Greenback against a basket of six major currencies, is trading slightly lower on Wednesday after gaining about 0.7% the previous day.
Gold (XAU/USD) is holding steady near $3,392 on Wednesday, supported by persistent geopolitical tensions and investor caution ahead of the Federal Reserve’s (Fed) policy decision.
Verbal escalation between US President Donald Trump and Iranian officials has boosted fears of a wider regional war in the Middle East, with the involvement of the US, which is underpinning Crude Oil prices near four-month highs.
The Indian Rupee (INR) remains on the back foot against the US Dollar (USD) on Wednesday, marking its second consecutive day of weakness, despite a relatively subdued Greenback ahead of the key Federal Reserve’s interest rate decision.
The Japanese Yen (JPY) is entering Wednesday’s NA session with a 0.3% gain, outperforming nearly all of the G10 currencies in an environment of mild USD weakness, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Pound Sterling (GBP) is a relative outperformer as we head into Wednesday’s NA session, up nearly 0.3% vs. the US Dollar (USD) with a notable pop in response to the stronger than expected CPI release for the month of May.
European Central Bank (ECB) Governing Council member Mario Centeno said on Wednesday that he is very worried about the European economy's growth prospects and argued that inflation will not be at 2% without growth.
The Canadian Dollar (CAD) is little changed on the session after reversing losses through the upper 1.36s in thin trade just ahead of the Asian open earlier, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
British Pound’s recovery attempts from Tuesday’s lows near 1.3400 have stalled about 50 pips higher on Wednesday’s European session. Investors are wary of placing US Dollar's directional bets ahead of the ªFederal Reserve’s monetary policy decision.
At least as far as the key interest rate is concerned, today's FOMC meeting is unlikely to be particularly exciting, as it is widely expected that the Fed will leave the interest rate corridor unchanged at 4.25-4.50%.
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