FX Signals – Asia FX dollar steadies as Fed Meeting looms
FX Signals – Most Asian currencies moved little on Tuesday, while the dollar retained recent gains as caution kicked in ahead of a Federal Reserve meeting this week, with any signals on U.S. monetary policy squarely in focus.
But most Asian units were set for strong gains in January amid expectations that the Fed will slow its pace of interest rate hikes in the coming months. Risk-heavy Southeast Asian currencies were the best performers through January, with the Thai baht leading gains among its peers with an over 5% jump.
FxPremiere
The Chinese yuan took little support from data that showed Chinese business activity rebounded in January after the country relaxed most anti-COVID measures. The yuan fell 0.1%, but remained close to a near seven-month high against the dollar, and was set to gain over 2% in January.
The positive Chinese data still indicates that Asia’s largest economy is on the path toward recovery, which could bode well for the region this year.
FX SIGNALS
U.S. inflation is also trending well above the Fed’s target range, despite retreating in recent months.
Dollar Edges Lower amid Fed Meeting
The Australian dollar was the worst performer for the day, down 0.4% after data showed that the country’s retail sales slumped far more than expected in December. The reading highlights the growing pressure on the Australian economy from high interest rates and rising inflation, and could force the Reserve Bank into softening its pace of rate hikes.
FX Signals – Asia FX dollar steadies as Fed meeting looms
GBPUSD Price Breaks Up $1.35 Resistance Level
Dollar finds footing as looming data
FX Signals – Asia FX dollar steadies as Fed meeting looms
- The fundamental forex strategies
- The technical forex strategies
- The popular forex strategies
- In the forex strategies articles
EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, NZD/USD and USD/CAD, Gold, Oil and many many more..These are the three most traded currencies beside the US dollar. Lower market liquidity will mean that a broker will give wider dealing forex spreads. Todays Free Forex Signals 06 10 2022
FX News
Subscribe to our Signals and start receiving Forex Day Trading Signals from the very next trade! Forex Signals News Learning Guides below with guide you with every trade you make! FxPremiere.com Learning centre is now available for all to read. With blog posts written monthly on the most common searched terms. CREATE YOUR OWN NFT TODAY!!
Nigeria’s Atiku joins calls to extend deadline on old banknotes
Todays Free Forex Signal 30 01 2023
FX Signals – Asia FX dollar steadies as Fed meeting looms
Todays Free Forex Signal 27 01 2023
The post FX Signals – Asia FX dollar steadies as Fed meeting looms appeared first on Forex Signals.
