US Dollar stands neutral following low-tier data, FOMC meeting kicks off
The US Dollar (USD) Index holds steady near 103.50 on Tuesday, showing a neutral posture after the release of low-tier data.
Source: fxstreet.com
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Gold remains upbeat on escalating Middle East tensions, Fed policy in focus
Gold price (XAU/USD) continues to advance amid the escalating Middle East crisis as US President Joe Biden has pledged to retaliate for unmanned aerial drone attacks on US service personnel near northeastern Jordan, near the Syrian border.
Source: fxstreet.com
Japanese Yen remains on the defensive ahead of Fed and key US macro data later this week
The Japanese Yen (JPY) remains on the defensive against its American counterpart at the start of a new week and languishes near a two-month low touched on January 19.
Source: fxstreet.com
ECB's de Guindos: Will cut interest rates when sure that inflation meets our 2% goal
European Central Bank (ECB) Vice President Luis de Guindos said that the “ECB will cut interest rates when we are sure that inflation meets our 2% goal.” Additional takeaways We have seen good news on inflation recently and sooner or later this will be reflected in our monetary policy.
Source: fxstreet.com
EUR/USD tests into the low side near 1.0800 as Euro broadly underperforms
EUR/USD fell to its lowest bids since mid-December, testing the 1.0800 handle after European Central Bank (ECB) officials left the doors wide open for rate cuts much earlier than investors had previously anticipated.
Source: fxstreet.com