Stay updated with breaking news from Quantitative Easing. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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%.
EUR/USD saw a hard rally in early Wednesday trading, rising three-quarters of a percent bottom-to-top after misses in German Consumer Price Index (CPI) inflation figures missed the mark, with markets pivoting back into a cautious stance ahead of the Federal Reserve’s (Fed) rate call and following press conference.
The Canadian Dollar (CAD) edged higher on Wednesday after Canadian Gross Domestic Product (GDP) figures beat expectations to post growth for the first time since May.
The US Dollar (USD), as reflected by the DXY Index, is currently trading at 103.20, experiencing losses as a result of weak data from the Automatic Data Processing (ADP) Employment Change report for January.
The Australian Dollar (AUD) continues to gain ground on Tuesday amid a stable US Dollar (USD).