The US dollar (USD) has recovered modestly as market focus now shifts to the second estimate of the annualised fourth-quarter Gross Domestic Product (GDP) growth.
Tag: Federal Reserve
The EUR/USD has come under pressure ahead of the Federal Open Market Committee (FOMC) minutes due out on Wednesday.
The US dollar (USD) gained on Thursday after remaining flat on Wednesday.
Market participants and currency traders will focus on the Fed’s interest rate decision today.
The GBP/USD pair has dropped sharply during the early European session on Wednesday following weaker-than-expected data.
The USD has remained steady against its major rivals and financial markets are moderately quiet as investors await the release of the US inflation data.
All eyes are on the Federal Reserve’s policy decision, and investors will closely watch Chair Jerome Powell’s speech for guidance on further tightening.
The Japanese yen rose temporarily yesterday against the US dollar, as rumours about a possible intervention in the FX market spread.
In this article, we will focus on the second most traded currency pair in the world, the USD/JPY pair.
The US dollar remained flat towards the end of Wednesday and ahead of US inflation data on Thursday.