NZD/USD consolidates losses at two-month low above 0.7100 amid pre-Fed trading lull
NZD/USD struggles to defend 0.7100 amid a corrective pullback. Market sentiment remains sluggish ahead of
USD/JPY poised to refresh multi-week high near 110.30 ahead of FOMC
USD/JPY consolidates gains on Wednesday in the Asian session. A slight pullback in US Treasury
No change expected at the FOMC event – UOB
Lee Sue Ann, Economist at UOB Group, sees the Federal Reserve keeping the status quo
USD/CAD Price Analysis: Spikes to 1.2170 area, back closer to one-month tops
A modest pickup in the USD demand pushed USD/CAD to fresh session tops in the
EUR/USD to drift lower to 1.20 as Fed starts tapering discussions – Rabobank
The fallback in Friday’s release of the University of Michigan inflation expectations survey has strengthened
USD/CAD remains depressed below mid-1.2100s
A combination of factors exerted some pressure on USD/CAD for the second straight day. The
Fed to retain the dovish tilt despite higher US inflation – UOB
Senior Economist Alvin Liew comments on the latest higher-than-expected US inflation figures. Key Quotes “On
USD: The tone of the June Fed meeting should help to stabilize the recent dollar’s slide – TD Securities
According to analysts from TD Securities, the tone of meeting in June of the Federal
AUD/USD: RBA Lowe speech and upbeat jobs data to support the aussie – Westpac
Tension is rising over the Reserve Bank of Australia policy decision in July, with all
USD/JPY to target the 110.97 March high on Fed tapering hints – Mizuho
In May, the USD/JPY pair moved firmly in the first half of the month. The