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ForexLive European morning wrap: USD makes further gains as the world waits on FOMC

Forex news from the European morning session 16 Dec

News:

Data:

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Markets have been understandably skittish ahead of the big event later

Overall we've seen US$ demand with USDJPY getting an early lift to 122.00 from a firmer Nikkei and those firmer equity tones spilled into Europe to give the euro a knock lower after early consolidation

EURUSD has been to 1.0915 from 1.0955 with euro supply capping rallies in other EUR pairs with EURGBP rising to 0.7295 after weaker UK wages data before heading back to 0.7270 on GBPUSD finding support into 1.4985 and rebounding back above 1.5020

USDCHF and EURCHF both fell from early highs with better ZEW data being citied while USDCAD enjoyed an early ride higher but has capped into 1.3780. Support around 1.3740 still.

AUDUSD has once again traded tightly pinned down on cross-play action with supply into 0.7220 and demand at 0.7180. NZDUSD

Expect more fragility and skittish behaviour but it will all unravel when Yellen & Co deliver, or not as the case may be.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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