Here is what you need to know on Wednesday, January 29: The US Dollar (USD) struggles to build on Tuesday's gains as investors move to the sidelines ahead of the Federal Reserve's (Fed) highly-anticipated monetary policy announcements.
Here is what you need to know on Wednesday, January 29: The US Dollar struggles to build on Tuesday's gains as investors move to the sidelines ahead of the Fed eral Reserve's highly-anticipated monetary policy announcements. The US economic docket will also featureGoods Trade Balance data for December. Additionally, the Bank of Canada will release its interest rate decision in the early trading hours of the American session on Wednesday.
25%, citing uncertainties in wage growth and global economic conditions. USD/JPY showed no immediate reaction to this publication and was last seen trading near 155.20. EUR/USD turned south and lost more than 0.5% on Tuesday. The pair holds steady at around 1.0430 to begin the European session on Wednesday. The European Central Bank will release Private Loans data for December later in the session. GBP/USD closed in negative territory on Tuesday and snapped a three-day winning streak.
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