FX Markets Await UK GDP Ahead Of Tonight’s FOMC Meeting

Source: Advanced Currency Markets |

G10 Advancers and Decliners vs USD
JPY 0.19
CHF 0.09
EUR 0.03
GBP -0.01
The Australian dollar has been one of the outperformers during the Asian session after the core CPI data for Q4 came out firmer than expected. AUDUSD has rallied to highs of 1.0541, and if this momentum continues we may be on track to re-test Friday’s highs. In anticipation of tonight’s FOMC meeting, USDJPY has rallied to 77.98 highs, its strongest level in almost a month. This suggests FX…

Read More …

More on this topic (What's this?) Read more on Federal Reserve, Forex at Wikinvest
Like it? Digg It | Reddit | FB Share | Tweet It