The USD has remained steady against its major rivals and financial markets are moderately quiet as investors await the release of the US inflation data.
The AUD/USD pair has strengthened as market risk sentiment has improved and the dollar has weakened.
All eyes are on the Federal Reserve’s policy decision, and investors will closely watch Chair Jerome Powell’s speech for guidance on further tightening.
The European Central Bank is releasing its interest rate decision today and markets anticipate the central bank to remain on hold.
The pound (GBP) continued to rise on Tuesday as market sentiment has improved and the UK reported relatively better-than-expected data.
GBP recovered and attracted investor interest after the release of the United Kingdom’s ONS reported on inflation.
The US dollar Index moved slightly higher immediately after the release of the Producer Price Index (PPI) but has now eased.
EUR/USD currency pair remained strong despite the softer than expected German inflation data. The inflation data has been released by the Federal Statistical Office of Germany. The release is important as it will provide fresh insights on the Eurozone economy and affect the ECB’s policy. German inflation report Inflation in Germany, as measured by the…
The US Federal Reserve will announce its interest rate decision later today at 18:00 GMT, while Chair Powell will start his press conference at 18:30 GMT. Markets expect the US central bank to maintain rates unchanged at 5.25%-5.50% and signal a hike in November. This is because the Fed feels that inflation and the labour…
After Monday’s uncertainty, markets remain volatile early Tuesday with investors being cautious ahead of this week’s key central bank meetings.