Nikkei 225 Exchange rate
Editors’ Picks
Fed is ready for first rate cut in four years, will it be 25 or 50 bps? – LIVE
The Federal Reserve (Fed) is widely expected to lower the policy rate after the September meeting but markets are undecided about the size of the cut. The revised Summary of Economic Projections, alongside the rate decision, will ramp up the market volatility.
EUR/USD holds steady above 1.1100, Fed rate decision in focus
EUR/USD trades marginally higher on the day above 1.1100. A broadly weak US Dollar, amid increased bets of an outsized Fed rate cut and a cautiously optimistic market mood, underpins the pair. All eyes remain on the Fed policy verdict.
GBP/USD rises to new multi-week high near 1.3250
GBP/USD preserves its bullish momentum and trades at its highest level since late August near 1.3250. Pound Sterling outperforms its rivals following the August inflation data, while the US Dollar struggles to find demand ahead of Fed policy decisions.
Gold consolidates near record highs as Fed looms
Gold holds its ground following Tuesday's pullback but struggles to gather bullish momentum, trading in a narrow channel below $2,580. Investors stay on the sidelines while gearing up for the Federal Reserve's interest rate decision.
Federal Reserve set for first interest-rate reduction in four years amid growing bets of jumbo cut
The Federal Reserve is widely expected to lower the policy rate after the September meeting. The revised Summary of Economic Projections and Fed Chairman Powell’s remarks could provide important clues about the rate outlook.