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G10 FX Mixed To Start The Week As Markets Await FOMC

FOREX

G10 currencies have traded in mixed fashion on Monday, as global markets continue to ponder ongoing growth concerns and exercise caution ahead of Wednesday’s FOMC rate decision.

This sentiment is keeping the dollar off its highs as investors remain eager to see if the run of softer US data has in any way altered the Fed’s hawkish rate path. Additionally, market participants may have one eye on Thursday’s advance reading of second quarter GDP.

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G10 currencies have traded in mixed fashion on Monday, as global markets continue to ponder ongoing growth concerns and exercise caution ahead of Wednesday’s FOMC rate decision.

This sentiment is keeping the dollar off its highs as investors remain eager to see if the run of softer US data has in any way altered the Fed’s hawkish rate path. Additionally, market participants may have one eye on Thursday’s advance reading of second quarter GDP.

Keep reading...Show less