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Currency Analyst since 2010

US dollar awaits the Fed

US dollar is firm versus the major currencies after strong US housing data strengthened expectations of the Federal Reserve’s rate hike in September. Traders await the results of the Fed’s meeting at 18:00 GMT and press conference at 18:30 GMT.

EUR/USD is consolidating in the 1.1300 area. Greek Prime Minister Alexis Tsipras accused the nation’s creditors of trying to "humiliate" the nation with more spending cuts. EUR/GBP is trading near 2-weel low at 0.7175 as the pound is seen as a safe haven from the European troubles. USD/JPY keeps moving sideways around 123.50.

 

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