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USD Quiet Ahead of FOMC

The US dollar has been a little weaker over the European session on Wednesday as a lack of key data drivers has turned attention elsewhere. Looking ahead today though, we have the release of the FOMC minutes. These could prove to be market moving if they offer any further clue as to whether the Fed is moving closer towards another rate hike as was suggested in the last meeting minutes. The index trades 97.89, not far off the 98.07 2019 high.

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Euro Higher on Weak USD

EURUSD has traded a little better against USD so far today. Traders had been following Draghi’s remarks at a speech made in Frankfurt this morning. However, nothing market moving was noted and with no other EZ data on the sheet today, EURUSD quietly traded 1.1162 last.

GBP Down Heavily On New Brexit Plan

GBPUSD has been sold heavily again today following Theresa May’s unveiling of her new Brexit plan in parliament yesterd...

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