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Sep 17, 2014
Session Recap: USD consolidates ahead of Fed statement
FXStreet (Córdoba) - A quiet session has seen majors consolidating in familiar ranges as investors refrain from taking big positions ahead of the Federal Reserve monetary policy decision later in the day.
The euro and the pound advanced modestly versus the dollar following decent domestic data, but lacked real strength to break free from their weekly ranges. EUR/USD printed a daily high of 1.2970 after the Eurozone’s consumer price index rose 0.4% YoY in August, slightly above expectations.
GBP/USD jumped to a high of 1.6335, finally filling last week’s gap, after better-than-expected employment figures and BoE minutes, which showed two MPC members voted to hike rates last meeting.
USD/JPY inched up but remain capped by the 107.40 area. AUD/USD steadies below 0.9100 following yesterday's rally.
A liquidity injection operation by the PBoC has helped equity markets, with the Stoxx Europe 600 gaining for the first time in nine days, while US futures point higher.
The Federal Reserve will decide on monetary policy today, with investors paying special attention for any possible changes to the wording of the Fed statement. Before the FOMC decision, the US will report August CPI figures and the Q2 current account.
Main Headlines in Europe:
What’s the sentiment around the EUR/USD today? – OCBC Bank and Scotiabank
Gold extends recovery from 8-month low ahead of FOMC meeting
UK: Claimant Count Change down 37.2K in August
BoE Minutes: MPC voted 7-2 to keep interest rate steady
Switzerland ZEW Survey - Expectations down to -7.7 in September from previous 2.5
EMU: Annual CPI steady at 0.4% in August
European stocks rise ahead of Fed
Germany 2-year Notes auction declined to -0.07% from previous 0%
The euro and the pound advanced modestly versus the dollar following decent domestic data, but lacked real strength to break free from their weekly ranges. EUR/USD printed a daily high of 1.2970 after the Eurozone’s consumer price index rose 0.4% YoY in August, slightly above expectations.
GBP/USD jumped to a high of 1.6335, finally filling last week’s gap, after better-than-expected employment figures and BoE minutes, which showed two MPC members voted to hike rates last meeting.
USD/JPY inched up but remain capped by the 107.40 area. AUD/USD steadies below 0.9100 following yesterday's rally.
A liquidity injection operation by the PBoC has helped equity markets, with the Stoxx Europe 600 gaining for the first time in nine days, while US futures point higher.
The Federal Reserve will decide on monetary policy today, with investors paying special attention for any possible changes to the wording of the Fed statement. Before the FOMC decision, the US will report August CPI figures and the Q2 current account.
Main Headlines in Europe:
What’s the sentiment around the EUR/USD today? – OCBC Bank and Scotiabank
Gold extends recovery from 8-month low ahead of FOMC meeting
UK: Claimant Count Change down 37.2K in August
BoE Minutes: MPC voted 7-2 to keep interest rate steady
Switzerland ZEW Survey - Expectations down to -7.7 in September from previous 2.5
EMU: Annual CPI steady at 0.4% in August
European stocks rise ahead of Fed
Germany 2-year Notes auction declined to -0.07% from previous 0%