USD/MXN has made a short-term bottom after a multi-week sell-off and now waits for the latest FOMC rate decision and Fed chair Jerome Powell’s press conference.
EUR/GBP is now down 0.4% to 0.8950 Meanwhile, cable is up 0.5% and extending gains from 1.3550 to 1.3590 levels currently. The pound is moving higher as Bailey plays down negative rates a little, call
In the view of UOB Group’s Economist Lee Sue Ann and Markets Strategist Quek Ser Leang, NZD/USD is likely to trade within the 0.5950-0.6085 range in the near term.
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