Dollar Nudges Higher with the Fed in Focus
Headlines:
Welcome to Fed day
USD/JPY eyes potential major breakout going into the Fed later
UK February CPI +3.4% vs +3.5% y/y expected
What's priced in for the BOE now after the UK CPI data?
ECB's Lagarde says cannot commit to rate path even after first cut
Germany February PPI -0.4% vs -0.1% m/m expected
Markets:
- USD leads, JPY lags on the day
- European equities mixed; S&P 500 futures up 0.1%
- US 10-year yields down 0.9 bps to 4.288%
- Gold down 0.2% to $2,154.03
- WTI crude down 0.9% to $82.02
- Bitcoin down 0.8% to $63,199
It was a slower session after a busy Tuesday yesterday, as markets are waiting on the FOMC meeting later today. The dollar is keeping firmer as traders brace for a potentially hawkish stance from the Fed. Currency pairs like USD/JPY, EUR/USD, and GBP/USD show movements ahead of the meeting.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.