WTI Exchange rate

AUD/USD wobbles around 0.7680-90, off a weekly low, as it begins the key Wednesday comprising the US Federal Open Market Committee (FOMC) meeting. Other than the pre-Fed caution, mixed data from the US and a light news feed also contribute to the pair’s latest sluggish performance.

The precious metals sector struggled overnight as investors position for a possible shift in monetary policy from the Fed. Gold prices were down some 0.4% in the final part of the North American day as the US dollar firmed ahead of the outcome of the Fed’s two-day meeting on Wednesday.

EUR/USD remains on the back foot, receding taking rounds to 1.2120-25, amid a sluggish Asian session trading on Wednesday. Sellers to keep reins as unless prices cross three-week-old resistance line. Easing bullish bias of MACD adds to the downside signals.

SHIB price faces stiff resistance ahead. Shiba Inu has had a difficult time recovering, suggesting that it may soon face rejection. In the following video, FXStreet's analysts evaluate where SHIB price could be heading next as Shiba Inu gets weaker.

The outcome of Wednesday’s Federal Reserve monetary policy announcement could set the stage for how the U.S. dollar and currencies trade over the next month. With that in mind, the greenback maintained its bid ahead of rate decision.