Author: finadmin

EUR/USD struggles to extend recovery above 1.1550, Fed’s policy remains in focus

EUR/USD struggles to extend recovery above 1.1550, Fed’s policy remains in focus

The EUR/USD pair faces slight pressure near 1.1550 during the European trading session on Wednesday after a two-day recovery move. The major currency pair struggles as the US Dollar strives to regain ground ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT. As of writing, the US Dollar Index (DXY), which tracks […]

More upside likely amid hawkish RBA bets

More upside likely amid hawkish RBA bets

The AUD/USD pair trades 0.15% higher at around 0.7115 during the late Asian trading session on Wednesday. The Aussie pair rises as the Australian Dollar (AUD) trades broadly firm, following the Reserve Bank of Australia’s (RBA) monetary policy announcement on Tuesday, in which it raised its Official Cash Rate (OCR) by 25 basis points (bps) […]

Canadian Dollar holds steady ahead of Fed, BoC policy decisions

Canadian Dollar holds steady ahead of Fed, BoC policy decisions

USD/CAD remains flat after posting little gains in the previous session, hovering around 1.3690 during the Asian hours on Wednesday. The pair holds steady as traders remain cautious ahead of policy decisions from both the Federal Reserve (Fed) and the Bank of Canada (BoC) later in the day. Traders are particularly focused on guidance from […]