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- Asian session: The euro dropped
Asian session: The euro dropped
The dollar gained most of its major peers before the Federal Reserve’s policy meeting today.
Australia’s currency rose as high as $1.0243 after the Reserve Bank of Australia released minutes of its most recent meeting saying the central bank is “well placed” under current policy settings.
EUR/USD: on asian session the pair fell, but restored later.
GBP/USD: on asian session the pair fell, but restored later.
USD/JPY: the pair was under pressure.
Canadian data at 1230GMT includes the release of the August Leading indicator and July Wholesale sales.
US data released at 1230GMT includes August housing starts and building permits. The pace of housing starts is expected to slow further to a 580,000 annual rate after falling in the previous month. Weak new home sales and the high inventory level of unsold existing homes continue to restrain new home building.
At 1300GMT, the IMF releases its World Economic Outlook, with revised economic forecasts, with many expecting a downgrade of GDP
forecasts.
The FOMC begins its two-day monetary policy meeting, a meeting expended from 1-day to 2, for the members to explore further
exceptional measures available to the Fed.
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