GBP/AUD Exchange rate

EUR/USD is trading close to 1.18, marginally lower as investors eye the Federal Reserve's decision. The Fed is likely to refrain from any signal of tapering its bond buys. Covid headlines are eyed.

GBP/USD drops towards 1.3850 amid resurgent demand for the US dollar and a cautious mood. The pound benefits from the fall in UK covid cases and fresh Brexit optimism after the EU paused legal action against the UK over the NI protocol. The Fed is awaited.

Gold price is rising back above $1800, defending the key support area around $1798 amid a cautious market mood heading into the Fed decision. The sell-off in the Chinese stocks seems to have paused, offering some support to the Asian indices.

Theta price printed a new correction low on July 20, undercutting the May 19 low of $3.70 and the 78.6% retracement level of $3.54 before rallying 100% into yesterday’s high. The convergence of key resistance levels prevented an extension of the rally.

Tapering is not a question of if, but when – and the timing of the Federal Reserve's announcement to create fewer dollars may have to wait longer. The world's most powerful central bank has been buying bonds at ....