Forex Today: Markets gear up for first 50 bps Fed rate hike since 2000 By eren_fxstreet Currencies Majors Macroeconomics Fed Commodities
Following Tuesday's choppy action, markets remain calm early Wednesday as investors move to the sidelines ahead of the US Federal Reserve's policy announcements. Thecontinues to move sideways near 103.50 and the 10-year US T-bond yield fluctuates in a tight range below 3%. The European economic docket will feature March Retail Sales data for the eurozone. April ADP Employment Change and ISM Services PMI from the US will be looked upon for fresh impetus in the early American session.
Bitcoin is up more than 2% early Wednesday but continues to trade below the key $40,000 level. After having lost nearly 3% on Tuesday,Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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