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GBP/USD muted after Fed’s hold rates, pushes back against easing
The GBP/USD whipsawed during the North American session after the Federal Reserve (Fed) decided to keep rates unchanged yet pushed back against easing policy, noting, “The Committee does not expect it will be appropriate to reduce the target range until it has gained greater confidence that inflation is moving sustainably toward 2 percent.” The major trades are volatile, around 1.2800-1.2850, and register modest losses.
Fxstreet
Jul 31, 2024
Canadian Dollar finds gains on GDP forecast beat
The Canadian Dollar (CAD) found a brief reprieve on Wednesday from steady selling pressure against the Greenback after Canadian Gross Domestic Product (GDP) beat forecasts, but gains remain limited as the figure still eased from the previous print.
Fxstreet
Jul 31, 2024
GBP/USD Price Analysis: Holds firm around 1.2840 ahead of Fed’s decision
The Pound Sterling registers minuscule gains during the North American session as traders brace for the US Federal Reserve’s decision, which is expected to hold rates unchanged but to prepare the ground to ease policy.Fxstreet
Jul 31, 2024
AUD: Under pressure – Commerzbank
A word on the Australian dollar (AUD), which came under significant pressure this morning, losing about 0.7% against the US Dollar (USD), Commerzbank’s FX analyst Volkmar Baur notes AUD might be effected by China “This was probably due to the fact that inflation was slightly lower than expected.Fxstreet
Jul 31, 2024
