EURUSD, USDJPY, GBPUSD, USDCAD reach key technical levels after Fed hike
The dollar strengthened after the Fed hike, pushing EURUSD and GBPUSD lower while USDJPY and USDCAD rose to key technical levels.
Major and emerging currency pairs, central bank policy, interest rate expectations and cross-border capital flows.
The dollar strengthened after the Fed hike, pushing EURUSD and GBPUSD lower while USDJPY and USDCAD rose to key technical levels.
Fed's Warsh said the economy looks to be strengthening, inflation remains too high, and the FOMC has not met the confidence bar on underlying inflation.
AUDUSD holds above 0.7117 support ahead of the FOMC, with buyers eyeing 0.71492 and sellers needing a sustained break below.
USDCAD broke above a key confluence of the 38.2% retracement and 100-day moving average; sustainability hinges on holding these levels ahead of the Federal…
USD mixed ahead of Fed rate decision; technicals examined for EURUSD, USDJPY, GBPUSD. Oil down despite Middle East tensions.
Reuters estimates the PBOC will set the USD/CNY reference rate at 6.7148. The fixing has recently sent cautionary signals on yuan strength.
USDCAD's rally reaches a resistance cluster at the 38.2% retracement and 100-day moving average near 1.3932.
Treasury Secretary Bessent says a small US outlay signals support for Japan's policies, which is bullish for USD/JPY, now at 155.09.
The dollar rallies ahead of the Fed's expected 25bp hike, while Treasury yields rise, oil stays above $102, and stocks edge lower.
The USD/INR pair reversed all gains from RBI interventions as higher oil prices pressured the rupee. The pair now tests resistance at 96.10.
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USD/JPY rose above 155 as Treasury yields hit 5.03%, a level not seen since 2007, with markets pricing a Fed rate hike.
EUR/USD broke below key 1.1560 support ahead of the FOMC decision, with the Fed expected to raise rates by 25 bps.
PBOC set the USD/CNY central rate at 6.7670, above the Reuters estimate of 6.7051. It injected 597 billion yuan via overnight reverse repos, with no seven-day…