Fed decision may trigger next directional move of the USD
On Tuesday, most major USD cross rates held close to recent levels ahead of the Fed. The start of the Fed’s normalisation process might pull the trigger for the next trend-move of the USD currency. 1.3452 is an important point of reference for the EUR/USD cross rate. EUR/GBP entered a ST consolidation pattern. Markets look out of the BoE minutes today.
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KBC