Market Analysis

[MARKET ANALYSIS] DXY is contained amid FOMC-related uncertainty

StockNow breaking-news AI analysis

Markets are cautiously positioned ahead of FOMC and BoE decisions. DXY is soft while AUD fell on low inflation data, and JPY remains choppy amid stock market volatility.

News detail

DXY: -0.1%Marginally softened despite the higher oil prices and mostly risk-off sentiment, but with price action kept to within narrow parameters as attention turns to the looming FOMC meeting, where there is some uncertainty with the Fed expected to keep rates unchanged, although money markets are pricing around a 36% chance of a surprise hike.EUR/USD: +0.1%Ekes modest gains and eyes a retest of the 1.1400 level, but with upside in the absence of any fresh catalysts from the bloc.GBP/USD: +0.1%Slightly rebounded in rangebound trade after recent oscillations through the 1.3300 level and as participants also look ahead to the BoE meeting on Thursday.USD/JPY: -0.1%Price action is choppy after pulling back from near 164.00 territory and amid the swings in Japanese stocks.Antipodeans: AUD/USD -0.4% / NZD/USD FlatMixed performances with AUD the laggard following softer-than-expected Australian quarterly and monthly inflation metrics.

What do investors think?

Curious what other investors think?Log in to see reactions and join the conversation.
Log in to view reactions

StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.

Today's market highlights

A selection of stories drawing attention in the market.

See more