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Dollar Soft Ahead of FOMC Rate Decision, Markets Await Powell’s Guidance on Pause

Dollar Soft Ahead of FOMC Rate Decision, Markets Await Powell’s Guidance on Pause
Dollar remains weak in early US session, despite strong ADP job data, seeing only modest gains the Australian and Canadian Dollars. However, the selloff remains contained, even against strong Yen and Swiss Franc. Traders are evidently holding their bets as they await FOMC rate decision. A 25bps hike to 5.00-5.25% is widely anticipated, and it […] The post Dollar Soft Ahead of FOMC Rate Decision, Markets Await Powell’s Guidance on Pause appeared first on Action Forex... Read More
Posted: May 3 2023, 12:46
Author Name: actionforex
Views: 102459

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