Markets Await Fed Decision on Interest Rates as Powell Speech Looms
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Markets awaiting FOMC meeting and decision on interest rates. USD Index flat around 103.40 ahead of announcement.
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Attention on Fed Chair Powell's press conference for hints on potential rate cut timing. US data in focus earlier with ADP jobs report and employment cost index.
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EUR/USD gathering traction since Friday, but short-term movement depends on FOMC dynamics. Eurozone data includes German retail sales, inflation rate.
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GBP/USD retreated below 1.2700 despite steady dollar. UK housing prices via Nationwide today's only notable release.
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Crude oil prices rebounded on geopolitical concerns in Middle East. Gold added to gains, briefly topping $2050.