Canadian Dollar and Swiss Franc are the clearly weaker ones in a slow day, in terms of price actions. Sterling and Euro are the strongest but their strength is far from being convincing. For now, EUR/USD, GBP/USD, EUR/JPY and GBP/JPY are staying in familiar range. While Australian Dollar and Canadian Dollar fall against the greenback, both are held above near term support level at 0.7728 and 1.2975 respectively. It looks like Dollar traders are refusing to commit ahead of tomorrow’s FOMC rate hike and economic projections.
In other markets, European stock indices are slightly higher today with DAX up 0.17% and CAC up 0.21% at the time of writing. FTSE is displaying some strength as it opened lower and dripped to 7455.22 but it’s now back pressing 7500 handle, up 0.55%. Earlier in Asia, Nikkei closed up 0.29% and Singapore Strait Times rose 0.53%. China Shanghai SSE dropped -1.62% to close at 27499.39. WTI crude oil continues this week’s rally and is up 0.5% at 72.44 for now. Gold is still gyrating in tight range around 1200 handle.
