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The AUD is the strongest and the EUR is the weakest as the NA session begins

The AUD is the strongest and the EUR is the weakest as the NA session begins. The USD is mixed to higher with one day to go ahead of the FOMC rate decision tomorrow. The expectations are for a 90% chance for a hike tomorrow to 5.5%. In September the market is pricing in an 80% chance that the Fed will remain on hold. The market is also pricing in a peak fed funds rate of 5.48%. The ECB will also meet this week on Thursday with the expectations of a 25 basis points hike.Overnight, the Ifo Busine... Read More

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Posted: Jul 25 2023, 12:26

Author Name: forexlive

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