US PMI data set to show continued economic expansion in May fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
US Dollar Forecast: DXY moves off multi-week lows, FOMC Minutes eyed fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
The Federal Reserve (Fed) will announce the first monetary policy of 2024 on Wednesday, and market participants largely expect the Committee to leave the Fed Funds Target Range unchanged at 5.25%–5.50%.
The ongoing consolidation in the US dollar seems to have reignited some bullish moves around EUR/USD, prompting it to advance past 1.0850 and leave behind a negative start of the week, which saw spot pierce the 1.0800 support for the first time since mid-December.