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Volatility Subdued Ahead Of FOMC Announcement

FOREX

Major currency pairs have held tight ranges in early Asia-Pac trade, with Australia off for a public holiday. Volatility has eased as we enter the home stretch to the Fed's policy announcement, which is expected to pave way for a March rate hike.

  • The BoC are also set to deliver their monetary policy decision, but the Fed announcement will understandably take centre stage.
  • The NZD underperforms at the margin, with local CPI data coming up Thursday. NZ government outlined plans of a phased response to the Omicron outbreak.

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