BoJ expected to leave rates on hold but talk over gradually reducing bond purchases are likely to draw the focus tomorrow. Yen gives back ground after FOMC event
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Euro Latest – EUR/USD and EUR/GBP Technical Outlooks
The Euro bounced back from heavily oversold conditions on Wednesday, helped by a softer than expected US inflation report.
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FOMC Roundup: Fed Reconsiders Rate Cuts as Inflation Forecast Drifts Higher
Fed trims rate cut bets as inflation forecast rises. USD reclaims ground on hawkish projections, while US equities rally on lower yields despite hotter inflation outlook
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Market Snapshot Pre-FOMC: EUR/USD, S&P 500, USD/JPY
US CPI posted encouraging figures, acting as a release valve for the dollar and lingering concerns of accelerating price pressures. This is how major assets shape up pre-FOMC
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US Dollar Index Slumps as Inflation Data Comes in Lower Than Expected
The latest US CPI report missed all market forecasts and sent the US dollar index spinning lower. Later today, the FOMC meeting and economic projections.
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