Forex Today: Markets trade with caution amid impending US debt ceiling talks

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Forex Today: Markets trade with caution amid impending US debt ceiling talks
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Forex Today: Markets trade with caution amid impending US debt ceiling talks RiskAversion DollarIndex FiscalPolicy Macroeconomics EURUSD

is holding losses after facing rejection just below 1.2500. The pair stays on the back foot in the European morning ahead of Bank of England Governor Andrew Bailey’s testimony on Quantitative Tightening before the UK Parliament’s Treasury Select Committee at 09:15 GMT. BoE policymakers Dave Ramsden and Ben Broadbent will also testify. is consolidating losses near 137.50 after retreating from daily highs of 137.75 to 137.29, tracking the weakness in the US Treasury bond yields.

is paring back gains toward 1.3450 amid a steady US Dollar and a minor pullback in WTI prices after Wednesday’s nearly 4% rally. price remains vulnerable while below the 50-Daily Moving Average , looking to extend the previous declines toward the $1,970 round figure.edging lower toward $27,000 whileInformation on these pages contains forward-looking statements that involve risks and uncertainties.

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